Zoetis Inc (ZTS)
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 | 2,344,000 | 2,280,000 | 2,213,000 | 2,071,000 | 2,114,000 | 2,067,000 | 2,090,000 | 2,073,000 | 2,037,000 | 1,982,000 | 1,909,000 | 1,774,000 | 1,638,000 | 1,663,000 | 1,617,000 | 1,611,000 | 1,500,000 | 1,461,000 | 1,375,000 | 1,388,000 |
| Total stockholders’ equity | US$ in thousands | 4,997,000 | 5,078,000 | 4,625,000 | 4,494,000 | 4,405,000 | 4,663,000 | 4,580,000 | 4,658,000 | 4,543,000 | 4,679,000 | 4,350,000 | 4,089,000 | 3,769,000 | 3,602,000 | 2,982,000 | 2,753,000 | 2,708,000 | 2,678,000 | 2,411,000 | 2,317,000 |
| ROE | 46.91% | 44.90% | 47.85% | 46.08% | 47.99% | 44.33% | 45.63% | 44.50% | 44.84% | 42.36% | 43.89% | 43.38% | 43.46% | 46.17% | 54.23% | 58.52% | 55.39% | 54.56% | 57.03% | 59.91% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,344,000K ÷ $4,997,000K
= 46.91%
To analyze Zoetis Inc's return on equity (ROE) over the past eight quarters, we can see that the ROE has been relatively stable, ranging from a low of 44.33% in Q3 2022 to a high of 47.99% in Q4 2022. The average ROE over this period is around 45.94%.
The consistently high ROE values indicate that Zoetis Inc has been effective in generating a strong return on the shareholders' equity invested in the company. This implies that the company is efficiently utilizing its equity to generate profits.
Overall, Zoetis Inc's ROE performance demonstrates the company's ability to effectively leverage shareholder equity to generate profits and create value for its investors.
Peer comparison
Dec 31, 2023