Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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Profitability Ratios (Summary)
Eaton Corp. plc, profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The financial data reveals several notable trends in profitability and efficiency over the observed periods, indicating overall improvement in key financial performance metrics.
- Gross Profit Margin
- The gross profit margin exhibits a consistent upward trajectory from 30.52% in March 2021 to 38.45% by March 2025. This reflects an increase of nearly 8 percentage points, suggesting enhanced cost control or pricing power contributing to greater profitability at the gross level.
- Operating Profit Margin
- Operating profit margin shows some initial fluctuations, starting at 11.45% in March 2021, dipping slightly to around 10.81% in June 2021, but then mostly rising afterward. By March 2025, it reaches 19.08%, almost doubling the initial figure within the contended timeframe. This indicates improved operational efficiency and/or better management of operating expenses relative to revenue.
- Net Profit Margin
- The net profit margin follows a generally positive trend, advancing from 7.9% in March 2021 to 15.55% by March 2025. Despite minor dips, the margin nearly doubles over four years, signaling stronger bottom-line profitability potentially driven by both operational factors and financial management (e.g., taxation, interest expenses).
- Return on Equity (ROE)
- Return on equity increases steadily from 9.44% in March 2021 to 21.27% in March 2025. This upward trend illustrates enhanced value generation for shareholders and suggests improved utilization of equity capital to generate net income.
- Return on Assets (ROA)
- The return on assets rises from 4.43% in March 2021 to 10.04% in March 2025. The continued improvement indicates more effective use of assets in generating net earnings, reflecting operational efficiency and asset management.
Overall, the data underscores a pattern of continuous improvement in profitability margins, equity and asset returns, pointing to strengthening financial health and management effectiveness throughout the observed quarters. The company appears to have successfully enhanced margins and returns while maintaining consistent growth in key profitability metrics over time.
Return on Sales
Return on Investment
Gross Profit Margin
Eaton Corp. plc, gross profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Gross profit margin = 100
× (Gross profitQ1 2025
+ Gross profitQ4 2024
+ Gross profitQ3 2024
+ Gross profitQ2 2024)
÷ (Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024
+ Net salesQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Gross Profit
- The gross profit exhibits a generally upward trend over the periods analyzed, increasing from 1,487 million USD in March 2020 to 2,447 million USD in March 2025. While the initial quarter of June 2020 saw a decrease to 979 million USD, subsequent quarters mostly show recovery and growth. There are some moderate fluctuations particularly in late 2024 and early 2025, but the overall trajectory suggests strong improvement in gross profit levels over time.
- Net Sales
- Net sales also demonstrate a positive trend from 4,789 million USD in March 2020 to 6,377 million USD in March 2025. The data reflects a notable decline during mid-2020, likely influenced by external pressures, followed by steady increases with minor oscillations. Growth in net sales is consistent and supports the increase seen in gross profit, with several peaks aligning with quarters of maximal sales figures throughout the timeline.
- Gross Profit Margin
- The gross profit margin shows a marked improvement from approximately 30.52% in March 2021 to 38.45% by March 2025. The margin increases steadily and consistently over this timeframe, indicating enhanced efficiency or improved pricing power relative to costs. This growth in margin percentage corroborates the increasing gross profit and suggests effective cost management or a favorable sales mix enhancing profitability.
- Overall Insights
- The financial data reflects a pattern of recovery and growth following a dip in mid-2020. Both gross profit and net sales have experienced significant growth, supported by an expanding gross profit margin. The gradual increase in margin ratio emphasizes operational leverage and/or cost control improvements. The concurrent rise in sales and profitability metrics signals positive business momentum and enhanced financial performance over the observed periods.
Operating Profit Margin
Eaton Corp. plc, operating profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating income | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Operating profit margin = 100
× (Operating incomeQ1 2025
+ Operating incomeQ4 2024
+ Operating incomeQ3 2024
+ Operating incomeQ2 2024)
÷ (Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024
+ Net salesQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals distinct trends in operating income, net sales, and operating profit margin over the period observed. There is a clear pattern of gradual improvement in operating profitability alongside fluctuating yet generally upward net sales figures.
- Operating Income
- Operating income exhibits noticeable fluctuations early on, with a dip to 162 million US$ in June 2020 followed by recovery phases. After mid-2021, a substantial increase is observed, notably reaching a peak of 1,216 million US$ in September 2021. This peak is followed by some variability but maintains a generally elevated level above 800 million US$. The income continues to trend upward through 2023 and early 2024, culminating near 1,220 million US$ by the end of the most recent periods. The data suggest effective operational management and potential growth in core business profitability over time.
- Net Sales
- Net sales initially decrease between the first two quarters of 2020, reaching a low around 3,856 million US$. Thereafter, an upward trajectory begins with moderate fluctuations, rising from approximately 4,500 million US$ to beyond 6,300 million US$ by the close of the period. The growth is relatively steady particularly from mid-2021 onward, indicating strengthening sales performance and possibly market expansion or increased demand for products or services. Despite some short-term variability, the overall sales trend is positive.
- Operating Profit Margin
- Operating profit margin begins at 11.45% in March 2021 and progressively improves through subsequent quarters. From an initial range around 11–12%, the margin strengthens continuously to exceed 19% by the first quarter of 2025. This consistent margin enhancement highlights improved cost control, pricing strategy effectiveness, or operational efficiencies. The rising margin in conjunction with increasing operating income and net sales suggests sustained profitability improvements over time.
Overall, the financial indicators demonstrate a pattern of recovery from early 2020 lows, followed by substantial growth and margin improvement through 2024 and into early 2025. This suggests a positive outlook on the company’s operational efficiency and revenue-generating capacity in the analyzed timeframe.
Net Profit Margin
Eaton Corp. plc, net profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to Eaton ordinary shareholders | ||||||||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Net profit margin = 100
× (Net income attributable to Eaton ordinary shareholdersQ1 2025
+ Net income attributable to Eaton ordinary shareholdersQ4 2024
+ Net income attributable to Eaton ordinary shareholdersQ3 2024
+ Net income attributable to Eaton ordinary shareholdersQ2 2024)
÷ (Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024
+ Net salesQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data displays notable trends in net income attributable to ordinary shareholders, net sales, and net profit margin over the periods from March 2020 through March 2025.
- Net Income Attributable to Eaton Ordinary Shareholders
- The net income shows considerable fluctuations in the initial quarters of 2020, notably dipping in the second quarter with a sharp decrease from 438 million to 51 million US dollars, followed by a recovery and upward trend in subsequent quarters.
- From 2021 onwards, net income exhibits a generally upward trajectory with some variability, reaching its peak at 993 million US dollars in the third quarter of 2024. There are minor decreases noted in some quarters thereafter, yet the overall level remains significantly elevated compared to the early part of the series.
- This suggests a period of volatility typical of external shocks or internal restructuring early on, with steady recovery and growth in profitability in more recent periods.
- Net Sales
- Net sales begin with a decline in the first half of 2020, dropping from 4,789 million US dollars in Q1 to 3,856 million US dollars in Q2, possibly reflecting external market or economic challenges.
- Following this decline, sales demonstrate a pattern of recovery and moderate growth through 2021 and 2022, with figures fluctuating around 5,000 to 5,800 million US dollars. The variable nature of these sales may indicate sensitivity to market conditions or changes in demand.
- Between 2023 and early 2025, net sales maintain a stable range between approximately 5,940 and 6,350 million US dollars, indicative of a stabilization and modest expansion phase in core revenue streams.
- Net Profit Margin
- Net profit margin data, available from late 2020 onward, reveals a consistent increase from 7.9% in the third quarter of 2020 to 15.55% in the first quarter of 2025.
- This upward trend indicates improving profitability efficiency, potentially due to better cost management, pricing strategies, or operational improvements, compounding alongside the growth in net income and stabilizing sales figures.
- The margin improvement is particularly significant, almost doubling over the observed period, underscoring strengthened financial health and effectiveness in converting sales to net income.
Return on Equity (ROE)
Eaton Corp. plc, ROE calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to Eaton ordinary shareholders | ||||||||||||||||||||||||||||
| Total Eaton shareholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROE = 100
× (Net income attributable to Eaton ordinary shareholdersQ1 2025
+ Net income attributable to Eaton ordinary shareholdersQ4 2024
+ Net income attributable to Eaton ordinary shareholdersQ3 2024
+ Net income attributable to Eaton ordinary shareholdersQ2 2024)
÷ Total Eaton shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The net income attributable to Eaton ordinary shareholders exhibits a generally increasing trend from March 2020 to March 2025, with some fluctuations. Initially, the net income dropped sharply from 438 million USD in March 2020 to 51 million USD in June 2020. After this trough, net income showed steady recovery and growth, reaching a high of 945 million USD by December 2023. The subsequent quarters maintain elevated net income levels, fluctuating around 900 to 1000 million USD, and ending slightly lower at 964 million USD in March 2025.
Total Eaton shareholders’ equity also demonstrates a gradual upward trend over the observed period, increasing from 14,245 million USD in March 2020 to a peak of 19,292 million USD by June 2024, before displaying a modest decline towards the end of the period, finishing at 18,506 million USD in March 2025. The growth is mostly steady, with some minor reversals occurring between the quarters in 2022 and 2024.
Return on equity (ROE) data begins in September 2020 at 9.44% and shows continuous improvement through the entire timeline, reaching 21.27% by March 2025. This upward trajectory indicates enhanced profitability and efficiency in generating returns on shareholders' equity. The ROE steadily climbs, crossing notable thresholds around 14% in 2021 and surpassing 20% by the start of 2025.
Overall, the data suggest a strong recovery and sustained growth in profitability after the initial downturn in early 2020, accompanied by steadily increasing equity base. The consistent rise in ROE highlights improved operational performance and effective capital utilization throughout the period.
Return on Assets (ROA)
Eaton Corp. plc, ROA calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income attributable to Eaton ordinary shareholders | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||||||
| GE Aerospace | ||||||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROA = 100
× (Net income attributable to Eaton ordinary shareholdersQ1 2025
+ Net income attributable to Eaton ordinary shareholdersQ4 2024
+ Net income attributable to Eaton ordinary shareholdersQ3 2024
+ Net income attributable to Eaton ordinary shareholdersQ2 2024)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income Attributable to Eaton Ordinary Shareholders
- The net income shows significant variability from March 2020 through December 2025. Initially, there is a low point in the second quarter of 2020, followed by a marked recovery and sustained upward trend through 2025. The values fluctuate but generally exhibit growth, increasing from 438 million USD in the first quarter of 2020 to consistently near or above 900 million USD in 2024 and 2025. Notably, the most substantial increases occur in late 2023 and early 2024.
- Total Assets
- Total assets exhibit moderate growth over the period. From 30,845 million USD in the first quarter of 2020, they increase to around 39,200 million USD by late 2024, with minor fluctuations. The asset base peaks in mid-2024 before experiencing slight declines but generally remains at a higher level compared to earlier periods. This suggests steady asset accumulation with occasional small reductions.
- Return on Assets (ROA)
- ROA data commences in late 2020 and shows a clear, steady improvement over time. Starting at approximately 4.43% in September 2020, ROA rises consistently each quarter, reaching over 10% by the first quarter of 2025. This upward trajectory indicates enhanced profitability and efficient utilization of assets throughout the period analyzed.
- Overall Trends and Insights
- The simultaneous growth in net income and ROA alongside an expanding asset base suggests an improving financial performance and operational efficiency. The sharp increase in net income, particularly from 2022 onwards, coupled with rising ROA, confirms that earnings are growing faster relative to asset size. The stability and incremental growth in total assets provide a solid foundation for this profitability enhancement.