PPG Industries Inc (PPG)

Return on equity (ROE)

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands 1,270,000 1,418,000 1,321,000 1,272,000 1,026,000 1,074,000 1,089,000 1,079,000 1,439,000 1,425,000 1,523,000 1,194,000 1,059,000 1,079,000 1,004,000 1,174,000 1,243,000 1,209,000 1,220,000 1,319,000
Total stockholders’ equity US$ in thousands 7,832,000 7,751,000 7,614,000 7,142,000 6,592,000 6,034,000 6,182,000 6,218,000 6,286,000 6,253,000 6,242,000 5,839,000 5,689,000 5,310,000 4,832,000 4,723,000 5,284,000 5,247,000 5,079,000 4,904,000
ROE 16.22% 18.29% 17.35% 17.81% 15.56% 17.80% 17.62% 17.35% 22.89% 22.79% 24.40% 20.45% 18.61% 20.32% 20.78% 24.86% 23.52% 23.04% 24.02% 26.90%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,270,000K ÷ $7,832,000K
= 16.22%

PPG Industries, Inc.'s Return on Equity (ROE) fluctuated over the past eight quarters, ranging from 15.56% to 18.29%. The company's ROE for Q4 2023 was 16.22%, indicating a moderate return on equity compared to the previous quarter. Despite some quarterly variations, PPG's ROE generally remained within a relatively narrow range between 15.56% and 18.29% over the analyzed period. This suggests that the company has been able to efficiently generate profits from the shareholders' equity during this time frame. Overall, PPG Industries, Inc. has maintained a stable and satisfactory level of return on equity in recent quarters.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROE
PPG Industries Inc
PPG
16.22%
Axalta Coating Systems Ltd
AXTA
15.48%
RPM International Inc
RPM
23.43%