Titan International Inc (TWI)

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 -5,560 -9,464 28,065 56,123 78,760 123,365 147,254 184,218 176,302 161,860 129,878 59,934 49,586 4,774 -19,056 -21,328 -60,388 -68,009 -74,510 -75,889
Total stockholders’ equity US$ in thousands 496,073 597,767 609,341 630,143 467,060 433,218 450,098 420,808 381,236 315,763 299,345 248,374 229,300 177,916 181,550 167,995 179,264 169,838 175,373 179,139
ROE -1.12% -1.58% 4.61% 8.91% 16.86% 28.48% 32.72% 43.78% 46.24% 51.26% 43.39% 24.13% 21.62% 2.68% -10.50% -12.70% -33.69% -40.04% -42.49% -42.36%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-5,560K ÷ $496,073K
= -1.12%

ROE, a key financial ratio indicating a company's profitability and efficiency in generating returns for its shareholders, for Titan International Inc experienced significant volatility throughout the observed period. From negative values in early 2020 to positive values by the end of 2022, the company's ROE showed a fluctuating trend. The negative ROE figures in 2020 reflected challenges in generating profits relative to shareholders' equity. However, a positive turnaround was observed from Q1 2021, with ROE steadily increasing thereafter, indicating improvements in profitability and efficiency. The ROE peaked in Q3 2022 before gradually declining. The decreasing trend in late 2024 suggests a potential decline in profitability and efficiency towards the end of the period. Overall, the company's ROE performance displayed a mix of challenges and improvements, highlighting the importance of continuous monitoring and analysis of financial performance metrics.