Regal Beloit Corporation (RRX)
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 | -57,400 | -11,800 | 247,500 | 357,400 | 488,900 | 382,600 | 342,600 | 285,000 | 228,300 | 283,500 | 268,700 | 212,400 | 189,300 | 175,600 | 160,300 | 198,800 | 238,900 | 257,800 | 259,400 | 258,700 |
| Total stockholders’ equity | US$ in thousands | 6,344,300 | 6,169,200 | 6,410,300 | 6,420,600 | 6,388,200 | 6,139,900 | 6,276,700 | 6,383,700 | 6,370,000 | 2,694,800 | 2,665,000 | 2,584,100 | 2,544,400 | 2,421,900 | 2,319,100 | 2,270,600 | 2,351,100 | 2,301,300 | 2,401,000 | 2,414,900 |
| ROE | -0.90% | -0.19% | 3.86% | 5.57% | 7.65% | 6.23% | 5.46% | 4.46% | 3.58% | 10.52% | 10.08% | 8.22% | 7.44% | 7.25% | 6.91% | 8.76% | 10.16% | 11.20% | 10.80% | 10.71% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-57,400K ÷ $6,344,300K
= -0.90%
Regal Rexnord Corp's return on equity (ROE) has exhibited fluctuations over the past eight quarters. In Q4 2023, the ROE dropped significantly to -0.90%, indicating a negative return on shareholder equity. This decline continued from the previous quarter, where the ROE was -0.19%.
The trend of declining ROE reversed in Q2 2023, where the company achieved a positive ROE of 3.86%. This positive momentum continued into Q1 2023, with an ROE of 5.57%. However, these values are lower compared to the ROE figures in the same quarters of the previous year.
In Q4 2022, the ROE was notably higher at 7.65%, reflecting a stronger return on equity for shareholders compared to the most recent quarters. The ROE values for Q3 2022, Q2 2022, and Q1 2022 were 6.23%, 5.29%, and 4.23%, respectively, showing a general upward trend during that period.
Overall, Regal Rexnord Corp's recent ROE performance has been volatile, with some quarters showing negative returns and others demonstrating relatively moderate positive returns. It is essential for stakeholders to monitor the company's ROE closely to assess its ability to generate profits from shareholders' equity.
Peer comparison
Dec 31, 2023