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Torm Plc  (NASDAQ: TRMD)
Other Ticker:  
 

Torm Plc's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Torm Plc in the forth quarter 2023?
Torm Plc achieved a return on average equity (ROE) of 38.89 % in its forth quarter 2023 a new company high.

ROE has advanced compared to 34.61% in the third quarter 2023, due to net income growth.

Within the Marine Transportation industry 2 other companies had a higher return on equity. While return on equity, the total ranking has deteriorated compared to the third quarter 2023 from 0 to 251.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Equity Change 10.79 % 10.79 % 10.79 % 10.79 % -
Y / Y Net Income Change 15.18 % - - - -
Net Income (TTM) in Millions 648 563 563 563 563
Return On Equity (TTM) 38.89 % 34.61 % 35.5 % 36.43 % 37.41 %
TRMD's Total Ranking # 251 # 0 # 0 # 0 # 381
Equity (TTM) in Millions 1,666 1,666 1,666 1,666 1,504
Seq. Equity Change 0 % 0 % 0 % 10.79 % 0 %
Seq. Net Income Change - - - - -

Back to TRMD Management Effectiveness >> TRMD's 5 Years Annual ROE >> Compare TRMD ROE to its Competitors
Return On Equity Company Ranking
Within: No.
Industry # 3
Sector # 9
Overall # 251

Return On Equity Statistics
High Average Low
38.89 %
38.15 %
37.41 %
(Dec 31 2023)   (Dec 31 2022)





TRMD Annual Return On Equity (Dec 31 2023)
2023		 (Dec 31 2022)
2022		 (Dec 31 2021)
2021		 (Dec 31 2019)
2019		 (Dec 31 2018)
2018
Total Equity in Millions 1,666 1,504 1,052 1,008 847
Y / Y Equity Change 10.79 % 42.91 % 4.42 % 18.94 % 7.1 %
Net Income in Millions 648 563 0 0 0
Y / Y Net Income Change 15.18 % - - - -
Return On Equity 38.89 % 37.41 % 0 % 0 % 0 %

Back to TRMD Management Effectiveness >> TRMD's 5 Years Annual ROE >> Compare TRMD ROE to its Competitors




Annual Roe Comment
In 2023 ROE improved to 38.89 % compared to the previous year, due to net income growth.


More Return On Equity Ratios
Marine Transportation Industry Roe Trends and Statistics
Transportation Sector Return On Equity Statistics
TRMD's' Return on Equity at Yahoo Finance
TRMD's Roe Ratio versus Marine Transportation Industry, Transportation Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for TRMD's Competitors
Return On Equity for Torm Plc's Suppliers
Roe for TRMD's Customers




Companies with similar Return On Equity at Dec 31 2023, within Transportation Sector ROE
Brp Inc   91.47 %
Toro Corp   80.23 %
Delta Air Lines Inc   53.14 %
Central North Airport Group  51.03 %
Union Pacific Corp  46.87 %
Euroseas Ltd   42.97 %
Polaris Inc   41.54 %
Torm Plc  38.89 %
Euronav Nv  36.40 %
Okeanis Eco Tankers Corp   35.59 %
United Parcel Service Inc   35.04 %
Saker Aviation Services Inc   34.86 %
Dorian Lpg Ltd   33.19 %
United Airlines Holdings Inc   32.17 %
Old Dominion Freight Line Inc   31.18 %
Csx Corporation  30.52 %
Frontline Plc  28.82 %
Teekay Corporation Ltd   28.74 %
Expeditors International Of Washington Inc   28.39 %
Corporaci n Am rica Airports S a   28.17 %
Landstar System Inc   26.73 %
Global Ship Lease Inc   25.71 %
Performance Shipping Inc   25.22 %
Copa Holdings S a   24.23 %
Forward Air Corporation  24.00 %
C h Robinson Worldwide Inc   23.25 %
Ardmore Shipping Corp  21.74 %
Scorpio Tankers Inc   21.42 %
Saia Inc   19.75 %
Unique Logistics International Inc   19.66 %

Date modified: 2024-03-08T12:52:29+00:00



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