Stock Analysis on Net
Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Trane Technologies plc, ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net earnings (loss) attributable to Trane Technologies plc1 ÷ Total Trane Technologies plc shareholders’ equity1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Net Earnings (Loss) Attributable to Trane Technologies plc
The net earnings exhibited considerable volatility over the period analyzed. Initially, earnings were relatively stable around the 1 million USD mark, reaching a peak in 2007 at approximately 3.97 million USD, followed by a sharp reversal to a significant loss in 2008 of about -2.62 million USD. From 2009 onwards, the net earnings recovered, showing fluctuating positive values with occasional dips but generally maintaining a positive trend. Notably, after 2015, earnings mostly ranged between 1.3 million and 1.5 million USD, except for 2020 when they dropped to around 0.85 million USD before recovering again, reaching approximately 1.76 million USD by 2022.
Total Shareholders’ Equity
Shareholders’ equity started at around 5.76 million USD and showed a moderate increase up to 7.91 million USD in 2007. However, a decline occurred in 2008 to 6.66 million USD. Post-2008, equity fluctuated with peaks in 2010 near 7.96 million USD and troughs thereafter, showing a declining trend from 2013 onwards. Notably, equity reduced substantially after 2014, from about 6 million USD to values near 6.09 million USD in 2022, indicating reduced net assets available to shareholders in recent years.
Return on Equity (ROE)
The ROE highlighted periods of strong performance and notable declines. It peaked sharply in 2007 at just over 50%, reflecting the high net earnings relative to equity in that year. However, this was followed by a steep negative return of approximately -39.4% in 2008, aligned with the net loss reported. From 2009 onwards, ROE stabilized mostly in a single-digit to mid-teens range, then increased steadily after 2015. By 2022, ROE reached its highest level in the post-crisis years at 28.85%, indicating improved profitability relative to shareholder equity.
General Trends and Insights
The earnings and ROE patterns reflect sensitivity to external economic conditions, such as the financial crisis around 2008, with a significant impact on profitability and equity. Post-crisis recovery is evident, with gradual improvements in earnings and ROE. Nevertheless, shareholder equity experienced a gradual diminishing trend after peaking in the late 2000s, potentially signaling capital distribution, asset write-downs, or other balance sheet impacts. The company demonstrated resilience by eventually restoring positive returns and earnings growth in the years following the crisis, culminating in relatively strong ROE performance by 2022.

Comparison to Competitors

Trane Technologies plc, ROE, long-term trends, comparison to competitors

Microsoft Excel
Trane Technologies plc Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2022
Dec 31, 2021
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Dec 31, 2016
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Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
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Dec 31, 2008
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Dec 31, 2005

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Trane Technologies plc, ROE, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Trane Technologies plc Capital Goods
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2017
Dec 31, 2016
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Trane Technologies plc, ROE, long-term trends, comparison to industry (industrials)

Microsoft Excel
Trane Technologies plc Industrials
Dec 31, 2022
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Dec 31, 2005

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).