Stryker Corporation (SYK)

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	3,165,000	2,585,000	2,709,000	2,627,000	2,358,000	2,457,000	2,079,000	2,015,000	1,994,000	1,900,000	2,083,000	1,408,000	1,599,000	1,756,000	1,601,000	2,164,000	2,083,000	3,426,000	3,550,000	3,522,000
Total stockholders’ equity	US$ in thousands	18,593,000	17,905,000	17,361,000	16,895,000	16,616,000	16,463,000	15,674,000	15,046,000	14,877,000	14,178,000	13,820,000	13,502,000	13,084,000	12,986,000	12,754,000	13,115,000	12,807,000	12,315,000	11,943,000	11,693,000
ROE		17.02%	14.44%	15.60%	15.55%	14.19%	14.92%	13.26%	13.39%	13.40%	13.40%	15.07%	10.43%	12.22%	13.52%	12.55%	16.50%	16.26%	27.82%	29.72%	30.12%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,165,000K ÷ $18,593,000K
= 17.02%

Stryker Corp.'s return on equity (ROE) has exhibited relatively stable performance throughout the most recent quarters. The ROE for Q4 2023 was 17.02%, indicating an improvement compared to the previous quarter's 14.44%. This suggests that the company has been efficiently utilizing its equity to generate profits for shareholders.

Comparing the ROE of Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a noticeable increase from 14.19% to 17.02%. This improvement signifies that Stryker Corp. has enhanced its profitability relative to its shareholders' equity over this one-year period.

Overall, Stryker Corp.'s ROE has been consistently above 13% in recent quarters, indicating that the company is generating solid returns for its shareholders. This trend suggests that Stryker Corp. has been effectively managing its assets and leveraging its equity to create value for investors.