Woodward Inc (WWD)
Return on equity (ROE)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 372,971 | 372,327 | 354,851 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,176,420 | 2,159,210 | 2,329,410 | 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 |
| ROE | 17.14% | 17.24% | 15.23% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $372,971K ÷ $2,176,420K
= 17.14%
Woodward Inc's return on equity (ROE) has shown a fluctuating trend over the past several quarters. The ROE has increased from 14.67% in December 2019 to 17.14% in September 2024, indicating an overall positive trajectory during this period.
The company's ROE performance has generally been improving, with occasional fluctuations. The ROE surpassed 15% in March 2023 and continued to increase steadily until September 2024. This suggests that Woodward Inc has been effectively utilizing shareholder equity to generate profits.
The latest ROE of 17.14% in September 2024 is a positive signal as it indicates that the company is generating a return of $0.1714 for every dollar of equity invested by shareholders. This level of ROE indicates efficient management of the company's assets and effective reinvestment of earnings.
Overall, Woodward Inc's ROE performance reflects a generally positive trend with room for improvement in maintaining or potentially growing shareholder value in the future. Tracking the ROE over upcoming quarters will provide valuable insights into the company's financial health and performance.