Trimble Inc (TRMB)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,504,400 | 1,477,200 | 1,511,500 | 239,700 | 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 |
| Total stockholders’ equity | US$ in thousands | 5,745,300 | 5,875,100 | 5,633,400 | 4,349,100 | 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 |
| ROE | 26.18% | 25.14% | 26.83% | 5.51% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,504,400K ÷ $5,745,300K
= 26.18%
Trimble Inc's return on equity (ROE) has shown fluctuations over the quarters analyzed. The ROE peaked at 26.83% in June 30, 2024, indicating a strong profitability relative to shareholders' equity during that period. This significant increase in ROE suggests that Trimble Inc efficiently utilized its equity to generate profits.
However, it is important to note that the ROE experienced a decline following the peak in June 30, 2024, dropping to 25.14% in September 30, 2024, and further to 26.18% in December 31, 2024. Even though the ROE remained at relatively high levels in these quarters, the decrease may indicate a potential concern regarding the company's efficiency in generating profits from shareholders' equity.
Moreover, there was a downward trend in the ROE from December 31, 2024, to March 31, 2024, with the ROE declining to 5.51% in March 31, 2024. This sharp decline in ROE is a cause for further analysis as it suggests a substantial decrease in profitability relative to the shareholders' equity during that quarter.
Overall, despite the fluctuations, Trimble Inc's ROE has demonstrated both strengths and weaknesses over the quarters examined. It is crucial for stakeholders to monitor the ROE trend closely to assess the company's performance in utilizing shareholders' equity effectively to generate profits.
Peer comparison
Dec 31, 2024