Teledyne Technologies Incorporated (TDY)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	885,700	788,600	445,300	401,900	402,300
Total stockholders’ equity	US$ in thousands	9,221,200	8,169,200	7,622,000	3,228,600	2,714,700
ROE		9.61%	9.65%	5.84%	12.45%	14.82%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $885,700K ÷ $9,221,200K
= 9.61%

Teledyne Technologies Inc's return on equity (ROE) has fluctuated over the past five years, ranging from a high of 14.82% in 2019 to a low of 5.84% in 2022. The ROE for the most recent year, 2023, stands at 9.61%. This indicates that the company's ability to generate profit from shareholders' equity has been somewhat inconsistent. The decrease in ROE from 2019 to 2022 could be a cause for concern as it signifies a drop in profitability relative to shareholder investment. It is essential for Teledyne to monitor and improve its ROE to ensure efficient utilization of equity and maximize shareholder value.