Trane Technologies plc (TT)
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 | 2,023,900 | 1,958,700 | 1,880,300 | 1,803,400 | 1,756,500 | 1,635,200 | 1,493,000 | 1,448,400 | 1,423,400 | 1,350,300 | 1,345,200 | 1,119,300 | 854,900 | 906,300 | 964,500 | 1,181,800 | 1,410,900 | 1,368,800 | 1,425,100 | 1,417,100 |
| Total stockholders’ equity | US$ in thousands | 6,995,200 | 6,681,800 | 6,258,800 | 6,036,100 | 6,088,600 | 5,858,300 | 5,723,500 | 5,998,600 | 6,255,900 | 6,475,100 | 6,457,300 | 6,296,700 | 6,407,700 | 6,366,700 | 5,936,900 | 5,772,600 | 7,267,600 | 7,237,600 | 7,130,500 | 6,885,800 |
| ROE | 28.93% | 29.31% | 30.04% | 29.88% | 28.85% | 27.91% | 26.09% | 24.15% | 22.75% | 20.85% | 20.83% | 17.78% | 13.34% | 14.24% | 16.25% | 20.47% | 19.41% | 18.91% | 19.99% | 20.58% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,023,900K ÷ $6,995,200K
= 28.93%
Trane Technologies plc's return on equity (ROE) has shown a generally positive trend over the past eight quarters. The ROE has consistently increased from 24.15% in Q1 2022 to 30.04% in Q2 2023, indicating improvements in the company's ability to generate profit from the shareholders' equity. This upward trend suggests that Trane Technologies plc is efficiently utilizing its equity to generate earnings for its shareholders. Overall, the company's ROE performance reflects a positive trajectory and indicates improving profitability and efficiency in its operations.
See also:
Trane Technologies plc Return on Equity (ROE) (Quarterly Data)