PHINIA Inc. (PHIN)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 98,000 | 92,000 | 96,000 |
| Total stockholders’ equity | US$ in thousands | 1,574,000 | 1,704,000 | 1,850,000 |
| ROE | 6.23% | 5.40% | 5.19% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $98,000K ÷ $1,574,000K
= 6.23%
Based on the data provided, PHINIA Inc.'s return on equity (ROE) has shown a slight improvement over the period from March 31, 2024, to December 31, 2024.
The ROE increased from 5.19% in March 2024 to 5.40% in September 2024, indicating a positive trend in the company's ability to generate profit from the shareholders' equity. Furthermore, the ROE further improved to 6.23% by December 2024, suggesting that the company became more efficient in utilizing its equity to generate earnings for the shareholders.
Overall, the increasing trend in ROE reflects positively on PHINIA Inc.'s financial performance and indicates that the company is effectively utilizing its equity to generate profits. It also signifies potential growth opportunities and positive prospects for the company in terms of shareholder value creation.
Peer comparison
Dec 31, 2024