Timken Company (TKR)
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 | 394,100 | 432,600 | 431,700 | 411,500 | 407,400 | 373,100 | 374,200 | 374,000 | 369,100 | 359,300 | 360,000 | 317,100 | 284,500 | 344,900 | 320,300 | 350,900 | 362,100 | 308,600 | 316,000 | 314,500 |
| Total stockholders’ equity | US$ in thousands | 2,582,400 | 2,477,800 | 2,531,300 | 2,348,000 | 2,268,300 | 2,093,600 | 2,203,600 | 2,271,100 | 2,294,900 | 2,296,900 | 2,290,900 | 2,175,500 | 2,152,900 | 2,028,100 | 1,883,600 | 1,817,400 | 1,868,200 | 1,744,800 | 1,711,300 | 1,638,500 |
| ROE | 15.26% | 17.46% | 17.05% | 17.53% | 17.96% | 17.82% | 16.98% | 16.47% | 16.08% | 15.64% | 15.71% | 14.58% | 13.21% | 17.01% | 17.00% | 19.31% | 19.38% | 17.69% | 18.47% | 19.19% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $394,100K ÷ $2,582,400K
= 15.26%
The return on equity (ROE) of Timken Co. has exhibited some fluctuations over the past eight quarters. The ROE ranged from 15.26% to 17.96% during this period, with the highest value recorded in Q4 2022.
Overall, Timken Co. has maintained a relatively stable ROE, with the mean ROE for the period being 16.99%. This indicates that, on average, the company generated a return of approximately 16.99% on its shareholders' equity over the analyzed quarters.
The variations in ROE may be attributed to changes in profitability, leverage, or asset turnover within the company. It is essential for investors and stakeholders to closely monitor ROE trends to assess the company's efficiency in utilizing shareholder funds to generate profits.
Peer comparison
Dec 31, 2023