Westinghouse Air Brake Technologies Corp (WAB)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 815,000 | 633,000 | 558,000 | 414,000 | 327,000 |
| Total stockholders’ equity | US$ in thousands | 10,487,000 | 10,102,000 | 10,201,000 | 10,123,000 | 9,956,500 |
| ROE | 7.77% | 6.27% | 5.47% | 4.09% | 3.28% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $815,000K ÷ $10,487,000K
= 7.77%
Westinghouse Air Brake Technologies Corp's return on equity (ROE) has shown a consistent upward trend over the past five years. ROE has increased from 3.27% in 2019 to 7.77% in 2023. This demonstrates an improvement in the company's ability to generate profits from shareholders' equity. The increasing ROE suggests that the company is effectively utilizing its equity to generate returns for its investors. This upward trend indicates that the company's performance and profitability have been improving over the years, which may be a positive indicator for investors and stakeholders. It reflects the company's efficiency in generating profits relative to the equity invested by shareholders. Overall, the increasing trend in ROE for Westinghouse Air Brake Technologies Corp signifies a positive trajectory in the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023