PPG Industries Inc (PPG)
Return on equity (ROE)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,116,000 | 1,486,000 | 1,444,000 | 1,406,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 6,785,000 | 7,788,000 | 7,767,000 | 7,941,000 | 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 |
| ROE | 16.45% | 19.08% | 18.59% | 17.71% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,116,000K ÷ $6,785,000K
= 16.45%
ROE, or return on equity, is a financial metric that measures a company's profitability by evaluating how efficiently it is utilizing shareholders' equity to generate profit. For PPG Industries Inc, the ROE has shown fluctuations over the data period provided:
- The ROE was relatively high, ranging from 20.32% to 24.86% in 2020, indicating a strong performance in generating profit relative to the shareholders' equity during that period.
- In 2021, the ROE fluctuated between 20.45% and 24.40%, maintaining a generally healthy level, albeit slightly lower than the previous year.
- However, starting from 2022, the ROE began a declining trend, falling to around 15.56% to 19.08% by the end of 2024. This suggests that the company's profitability relative to its equity base has decreased over this period.
- The ROE in 2023 and 2024 experienced some fluctuations, indicating potential challenges or variability in the company's profitability performance during those periods.
Overall, the decreasing trend in ROE from 2022 to 2024 may indicate a potential decline in the company's profitability relative to its equity base. It would be important to further investigate the factors contributing to these fluctuations to assess the company's financial health and performance accurately.
Peer comparison
Dec 31, 2024