Timken Company (TKR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 394,100 | 407,400 | 369,100 | 284,500 | 362,100 |
| Total stockholders’ equity | US$ in thousands | 2,582,400 | 2,268,300 | 2,294,900 | 2,152,900 | 1,868,200 |
| ROE | 15.26% | 17.96% | 16.08% | 13.21% | 19.38% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $394,100K ÷ $2,582,400K
= 15.26%
Timken Co.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE stands at 15.26%, representing a slight decrease from the previous year's 17.96%. The ROE was relatively stable in 2021 and 2022 at 16.08% and 17.96%, respectively. However, there was a noticeable drop in ROE in 2020 to 13.21% from 19.38% in 2019.
Overall, the trend in Timken Co.'s ROE shows some variability, with the company experiencing both increases and decreases in the metric over the five-year period. It is essential to further analyze the company's financial performance and operational efficiency to understand the factors contributing to these fluctuations in ROE.
Peer comparison
Dec 31, 2023