Teleflex Incorporated (TFX)

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	356,328	403,812	368,567	362,746	363,139	412,629	509,915	487,649	485,374	433,426	350,832	279,040	335,324	367,458	479,800	551,719	461,466	443,791	271,386	185,515
Total stockholders’ equity	US$ in thousands	4,440,990	4,314,050	4,215,090	4,110,250	4,021,970	3,895,160	3,852,730	3,795,530	3,754,750	3,657,870	3,466,100	3,375,790	3,336,460	3,236,200	3,097,400	3,073,020	2,979,320	2,852,980	2,664,840	2,569,880
ROE		8.02%	9.36%	8.74%	8.83%	9.03%	10.59%	13.24%	12.85%	12.93%	11.85%	10.12%	8.27%	10.05%	11.35%	15.49%	17.95%	15.49%	15.56%	10.18%	7.22%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $356,328K ÷ $4,440,990K
= 8.02%

Teleflex Incorporated's return on equity (ROE) has shown some fluctuations over the past eight quarters. In Q4 2023, the ROE was 8.02%, which was lower than the previous quarter's ROE of 9.36%. This decline may indicate a decrease in the company's efficiency in generating profits from shareholders' equity.

Comparing the latest ROE to the same period in the previous year, Q4 2022 had an ROE of 9.03%, which suggests a slight improvement in profitability year over year. However, looking back further to Q2 2022 when the ROE was 13.24%, it is evident that there has been a decreasing trend in ROE over the past two years.

Overall, while the ROE for Teleflex has been fluctuating, it is essential to further investigate the factors contributing to these changes to understand the company's profitability and efficiency in utilizing equity to generate returns for shareholders.