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.
Peer comparison
Dec 31, 2023