Trimble Inc (TRMB)
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 | 311,300 | 333,900 | 344,800 | 468,200 | 449,700 | 479,400 | 517,600 | 488,500 | 492,700 | 557,700 | 518,400 | 442,500 | 389,900 | 488,900 | 482,300 | 513,900 | 514,300 | 321,500 | 317,100 | 286,600 |
| Total stockholders’ equity | US$ in thousands | 4,500,100 | 4,343,000 | 4,331,300 | 4,245,200 | 4,050,200 | 3,844,800 | 3,894,500 | 3,987,900 | 3,944,700 | 3,881,800 | 3,838,600 | 3,673,600 | 3,596,900 | 3,350,000 | 3,211,900 | 3,101,300 | 3,119,000 | 2,786,800 | 2,824,000 | 2,741,700 |
| ROE | 6.92% | 7.69% | 7.96% | 11.03% | 11.10% | 12.47% | 13.29% | 12.25% | 12.49% | 14.37% | 13.50% | 12.05% | 10.84% | 14.59% | 15.02% | 16.57% | 16.49% | 11.54% | 11.23% | 10.45% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $311,300K ÷ $4,500,100K
= 6.92%
Trimble Inc's return on equity (ROE) has shown some fluctuations over the past few years. ROE decreased from 16.57% in March 2020 to 6.92% in December 2023. This decline indicates a decrease in profitability levels relative to the equity invested by shareholders.
From a quarterly perspective, the ROE has ranged between 6.92% and 16.57%, with the highest ROE of 16.57% recorded in March 2020. This suggests that the company was more efficient in generating profits relative to shareholders' equity during that period.
Overall, the downward trend in ROE from 2020 to 2023 could indicate challenges or inefficiencies in the company's operations or financial management. Further analysis of the company's profitability, financial structure, and operational performance would be required to understand the factors driving these changes in ROE.
Peer comparison
Dec 31, 2023