Woodward Inc (WWD)
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 | 292,806 | 232,368 | 203,757 | 158,604 | 170,999 | 171,698 | 167,562 | 176,977 | 197,384 | 208,649 | 215,983 | 205,587 | 228,592 | 240,395 | 249,952 | 277,594 | 263,855 | 259,602 | 267,318 | 250,328 |
| Total stockholders’ equity | US$ in thousands | 2,190,060 | 2,070,990 | 2,085,790 | 2,012,050 | 1,939,440 | 1,901,120 | 1,909,610 | 2,051,880 | 2,223,430 | 2,214,780 | 2,201,690 | 2,133,300 | 2,063,460 | 1,992,680 | 1,909,770 | 1,907,690 | 1,798,600 | 1,726,740 | 1,704,310 | 1,702,660 |
| ROE | 13.37% | 11.22% | 9.77% | 7.88% | 8.82% | 9.03% | 8.77% | 8.63% | 8.88% | 9.42% | 9.81% | 9.64% | 11.08% | 12.06% | 13.09% | 14.55% | 14.67% | 15.03% | 15.68% | 14.70% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $292,806K ÷ $2,190,060K
= 13.37%
Woodward Inc's return on equity (ROE) has shown a generally positive trend over the past several quarters. The ROE has increased from 8.63% in Q2 2022 to 13.37% in Q1 2024, reflecting improving profitability and efficiency in utilizing shareholders' equity. The upward trend in ROE indicates that the company is generating increasing levels of profit relative to its shareholders' equity, which is a positive signal for investors. It suggests that management is effectively utilizing the company's assets to generate profit and create value for the shareholders. The consistent improvement in ROE over multiple quarters indicates sustained growth in shareholder returns, which may be attributed to factors such as effective cost management, revenue growth, and operational efficiency within the company. Overall, the increasing ROE trend suggests that Woodward Inc is performing well in terms of generating returns for its shareholders and is on a positive trajectory in terms of financial performance.