TE Connectivity Ltd (TEL)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,910,000 | 2,428,000 | 2,261,000 | -241,000 | 1,844,000 |
| Total stockholders’ equity | US$ in thousands | 11,551,000 | 10,897,000 | 10,748,000 | 9,495,000 | 10,570,000 |
| ROE | 16.54% | 22.28% | 21.04% | -2.54% | 17.45% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,910,000K ÷ $11,551,000K
= 16.54%
The return on equity (ROE) of TE Connectivity Ltd has displayed fluctuations over the past five years. In Sep 2023, the ROE decreased to 16.54%, compared to 22.28% in Sep 2022 and 21.04% in Sep 2021. Notably, the company experienced a negative ROE of -2.54% in Sep 2020, which may indicate operational or financial challenges during that period. However, TE Connectivity Ltd was able to substantially increase its ROE to 17.45% by Sep 2019.
Overall, the varying ROE figures suggest a mixed performance in utilizing shareholders' equity to generate profits over the years. Further analysis into the company's financial and operational aspects would be beneficial to understand the factors driving these fluctuations in ROE.
Peer comparison
Sep 30, 2023