Titan International Inc (TWI)

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	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	-48,426	-35,882	-14,443	417
Total stockholders’ equity	US$ in thousands	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	234,851	244,231	282,934	284,393
ROE		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%	-20.62%	-14.69%	-5.10%	0.15%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $78,760K ÷ $467,060K
= 16.86%

Titan International, Inc.'s return on equity (ROE) has shown fluctuations over the past quarters. In Q4 2023, the ROE decreased to 16.86%, indicating a decline in the company's profitability and efficiency in generating earnings from shareholders' equity. This decrease follows a trend of decreasing ROE from the previous quarters, where the ROE was notably higher, peaking at 51.26% in Q3 2022.

While the ROE in Q4 2023 is lower than the previous quarter, it is still above the ROE levels in Q2 and Q1 2022. This indicates that the company's performance in generating returns for shareholders has been stronger in more recent periods compared to earlier periods in 2022.

Overall, Titan International, Inc.'s ROE has displayed variability, suggesting fluctuations in the company's profitability and efficiency in utilizing shareholders' equity to generate earnings. It would be essential for stakeholders to monitor future trends in ROE to assess the company's financial health and performance.