Teledyne Technologies Incorporated (TDY)

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	885,700	789,000	768,700	754,700	788,600	724,000	679,800	573,200	445,300	415,600	375,400	404,400	401,900	385,500	398,300	409,200	402,300	377,700	361,300	342,600
Total stockholders’ equity	US$ in thousands	9,221,200	8,721,900	8,579,000	8,365,700	8,169,200	7,688,500	7,861,900	7,832,400	7,622,000	7,416,600	7,312,400	3,336,300	3,228,600	3,026,000	2,879,900	2,753,000	2,714,700	2,571,000	2,473,000	2,349,500
ROE		9.61%	9.05%	8.96%	9.02%	9.65%	9.42%	8.65%	7.32%	5.84%	5.60%	5.13%	12.12%	12.45%	12.74%	13.83%	14.86%	14.82%	14.69%	14.61%	14.58%

December 31, 2023 calculation

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

Teledyne Technologies Inc's return on equity (ROE) has been relatively stable over the past eight quarters, ranging between 7.32% and 9.65%. The company's ROE peaked at 9.65% in Q4 2022 and exhibited a slight decline in subsequent quarters, hovering around the mid to high 8% range.

While the fluctuations in ROE are relatively moderate, the downward trend from Q4 2022 to Q1 2023 may indicate a potential decrease in profitability or efficiency in generating returns for shareholders. It is essential for the company to closely monitor and address the factors influencing ROE to sustain or improve its performance in the long run.