Powell Industries Inc (POWL)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 149,848 | 130,232 | 102,463 | 77,448 | 54,525 | 36,828 | 27,435 | 17,745 | 13,737 | 8,259 | -2,843 | -1,851 | 631 | 353 | 5,875 | 13,521 | 16,660 | 20,215 | 21,823 | 15,360 |
| Total stockholders’ equity | US$ in thousands | 483,073 | 436,739 | 393,785 | 366,320 | 345,026 | 324,070 | 305,795 | 298,472 | 297,206 | 295,948 | 292,870 | 295,579 | 301,223 | 302,941 | 306,332 | 307,845 | 306,626 | 303,571 | 300,131 | 301,673 |
| ROE | 31.02% | 29.82% | 26.02% | 21.14% | 15.80% | 11.36% | 8.97% | 5.95% | 4.62% | 2.79% | -0.97% | -0.63% | 0.21% | 0.12% | 1.92% | 4.39% | 5.43% | 6.66% | 7.27% | 5.09% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $149,848K ÷ $483,073K
= 31.02%
Powell Industries Inc has demonstrated a fluctuating trend in return on equity (ROE) over the past few years. ROE increased steadily from Dec 2019 to Sep 2020, peaking at 7.27%. However, there was a slight decline in ROE in the following quarters until Mar 2021.
From Dec 2021 to Mar 2024, there was a significant improvement in ROE, with a notable increase in each quarter. The most recent ROE figure stands at 31.02% as of Sep 2024, reflecting the company's ability to generate substantial returns for its shareholders.
Overall, the upward trend in ROE from Mar 2021 to Sep 2024 indicates that Powell Industries Inc has been effectively utilizing its equity to generate profits and create value for its investors. This positive trend suggests that the company's financial performance and profitability have improved over time.
Peer comparison
Sep 30, 2024