United Rentals Inc (URI)
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 | 2,424,000 | 2,384,000 | 2,287,000 | 2,189,000 | 2,105,000 | 1,947,000 | 1,750,000 | 1,550,000 | 1,386,000 | 1,202,000 | 1,001,000 | 920,000 | 890,000 | 931,000 | 1,114,000 | 1,172,000 | 1,174,000 | 1,146,000 | 1,088,000 | 1,088,000 |
| Total stockholders’ equity | US$ in thousands | 8,130,000 | 7,756,000 | 7,414,000 | 7,130,000 | 7,062,000 | 6,353,000 | 6,046,000 | 6,084,000 | 5,991,000 | 5,483,000 | 5,094,000 | 4,745,000 | 4,545,000 | 4,161,000 | 3,907,000 | 3,635,000 | 3,830,000 | 3,650,000 | 3,478,000 | 3,375,000 |
| ROE | 29.82% | 30.74% | 30.85% | 30.70% | 29.81% | 30.65% | 28.94% | 25.48% | 23.13% | 21.92% | 19.65% | 19.39% | 19.58% | 22.37% | 28.51% | 32.24% | 30.65% | 31.40% | 31.28% | 32.24% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,424,000K ÷ $8,130,000K
= 29.82%
United Rentals, Inc.'s return on equity (ROE) has remained consistently strong over the past eight quarters. The company's ROE ranged from 25.48% to 30.85% during this period, indicating efficient utilization of shareholders' equity to generate profits. The upward trend in ROE reflects the company's ability to generate higher profits relative to its equity base. This demonstrates strong financial performance and efficient management of the company's resources. Overall, United Rentals, Inc. has maintained a robust ROE, showcasing its ability to generate strong returns for its shareholders.
Peer comparison
Dec 31, 2023