TE Connectivity Ltd (TEL)
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 | 3,316,000 | 1,910,000 | 2,066,000 | 2,132,000 | 2,259,000 | 2,428,000 | 2,514,000 | 2,500,000 | 2,446,000 | 2,261,000 | 1,697,000 | 1,076,000 | 114,000 | -241,000 | -99,000 | 699,000 | 1,594,000 | 1,844,000 | 3,133,000 | 2,830,000 |
| Total stockholders’ equity | US$ in thousands | 13,136,000 | 11,551,000 | 11,456,000 | 11,126,000 | 11,468,000 | 10,897,000 | 10,537,000 | 10,549,000 | 11,128,000 | 10,748,000 | 10,162,000 | 9,783,000 | 9,979,000 | 9,495,000 | 9,036,000 | 9,066,000 | 10,557,000 | 10,570,000 | 10,622,000 | 9,994,000 |
| ROE | 25.24% | 16.54% | 18.03% | 19.16% | 19.70% | 22.28% | 23.86% | 23.70% | 21.98% | 21.04% | 16.70% | 11.00% | 1.14% | -2.54% | -1.10% | 7.71% | 15.10% | 17.45% | 29.50% | 28.32% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,316,000K ÷ $13,136,000K
= 25.24%
TE Connectivity Ltd's return on equity (ROE) has fluctuated over the past few years. In the most recent period, as of December 31, 2023, the ROE was 25.24%, indicating that the company generated a return of 25.24% on shareholder equity during that period. This represents a significant improvement compared to previous quarters.
Looking at the trend over the past several quarters, TE Connectivity Ltd experienced a steady increase in ROE from the third quarter of 2020 to the second quarter of 2022, reaching a peak of 23.86%. However, the ROE showed a decline in the subsequent quarters until the fourth quarter of 2022, where it reached a low of 1.14%.
The company's ROE picked up again in the first quarter of 2023 and has been fluctuating around the range of 18% to 25% in the recent periods. This variability in ROE indicates fluctuations in the company's profitability and efficiency in utilizing shareholder equity to generate earnings.
Overall, TE Connectivity Ltd's ROE performance reflects a mix of profitability and efficiency in utilizing shareholders' investment, with fluctuations in performance observed over the analyzed period.
Peer comparison
Dec 31, 2023