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