Raytheon Technologies Corp (RTX)
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 | 3,195,000 | 3,191,000 | 5,562,000 | 5,539,000 | 5,197,000 | 4,461,000 | 4,467,000 | 4,195,000 | 3,864,000 | 3,313,000 | 2,184,000 | -2,683,000 | -3,519,000 | -2,511,000 | -1,627,000 | 4,108,000 | 5,537,000 | 5,080,000 | 5,170,000 | 5,318,000 |
| Total stockholders’ equity | US$ in thousands | 59,798,000 | 69,596,000 | 72,480,000 | 72,795,000 | 72,632,000 | 70,187,000 | 70,441,000 | 72,462,000 | 73,068,000 | 71,308,000 | 71,115,000 | 71,710,000 | 72,163,000 | 68,379,000 | 67,225,000 | 39,411,000 | 41,774,000 | 40,468,000 | 40,754,000 | 39,738,000 |
| ROE | 5.34% | 4.59% | 7.67% | 7.61% | 7.16% | 6.36% | 6.34% | 5.79% | 5.29% | 4.65% | 3.07% | -3.74% | -4.88% | -3.67% | -2.42% | 10.42% | 13.25% | 12.55% | 12.69% | 13.38% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,195,000K ÷ $59,798,000K
= 5.34%
RTX Corp's return on equity (ROE) has displayed some fluctuations over the past eight quarters. In Q4 2023, RTX Corp's ROE stood at 5.34%, representing a slight increase from the previous quarter's 4.59%. This improvement indicates that the company is becoming more efficient in generating profits from its shareholders' equity.
It is noteworthy that in Q2 2023, RTX Corp recorded the highest ROE at 7.67% among the periods in consideration. This suggests that the company was particularly effective in utilizing its equity to generate profits during that quarter.
Overall, RTX Corp's ROE has generally been in the range of 5.79% to 7.67% over the past eight quarters. This indicates that the company has been able to maintain a relatively stable performance in terms of generating returns for its shareholders when compared to its equity base.
However, RTX Corp should continue to monitor and improve its ROE, as a consistently high or increasing ROE indicates efficient utilization of shareholder equity and can be seen as a positive indicator of financial performance to investors and stakeholders.
Peer comparison
Dec 31, 2023
See also:
Raytheon Technologies Corp Return on Equity (ROE) (Quarterly Data)