Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Trane Technologies plc, profitability ratios (quarterly data)
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Trane Technologies plc gross profit margin ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Trane Technologies plc operating profit margin ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Trane Technologies plc net profit margin ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Trane Technologies plc ROE improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Trane Technologies plc ROA improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Gross Profit Margin
Trane Technologies plc, gross profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Gross profit | 1,143,500) | 1,219,600) | 1,432,800) | 1,323,400) | 989,000) | 1,041,500) | 1,204,200) | 1,270,700) | 953,200) | 947,900) | 1,134,700) | 978,300) | 742,500) | 1,246,600) | 1,408,500) | 1,433,700) | 1,058,600) | 1,150,100) | 1,312,600) | 1,393,600) | 964,300) | |||||||
| Net revenues | 3,665,800) | 4,073,900) | 4,371,900) | 4,190,400) | 3,355,500) | 3,569,300) | 3,719,800) | 3,829,700) | 3,017,600) | 3,179,100) | 3,495,500) | 3,138,800) | 2,641,300) | 4,150,900) | 4,344,300) | 4,527,800) | 3,575,900) | 3,895,100) | 4,030,900) | 4,357,700) | 3,384,500) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | 31.40% | 31.05% | 30.91% | 30.73% | 31.13% | 31.62% | 31.83% | 31.85% | 31.28% | 30.54% | 30.55% | 30.65% | 30.84% | 31.01% | 30.91% | 30.91% | 30.99% | 30.77% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 7.20% | 5.26% | -1.41% | 2.74% | 3.20% | 4.84% | -0.25% | -1.35% | -7.82% | -9.78% | -1.31% | 1.83% | 0.47% | 5.83% | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 28.74% | 26.91% | 26.14% | 25.52% | 25.71% | 26.30% | 27.08% | 26.83% | 25.98% | 25.47% | 25.52% | 26.43% | 27.22% | 27.83% | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 33.64% | 33.19% | 32.83% | 32.55% | 32.36% | 32.28% | 32.14% | 32.23% | 30.80% | 30.52% | 30.54% | 30.99% | 32.61% | 32.97% | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 24.24% | 24.55% | 24.52% | 25.22% | 24.26% | 24.19% | 24.97% | 22.43% | 18.80% | 17.26% | 15.53% | 16.78% | 19.21% | 19.96% | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 37.36% | 36.99% | 35.56% | 34.22% | 32.95% | 31.98% | 32.34% | 32.06% | 31.52% | 32.07% | 32.23% | 32.87% | 33.88% | 33.70% | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 12.74% | 12.56% | 12.99% | 13.39% | 13.36% | 13.52% | 13.34% | 13.00% | 13.26% | 13.23% | 13.33% | 13.49% | 13.53% | 13.99% | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 20.53% | 20.38% | 20.49% | 20.17% | 19.94% | 19.40% | 17.59% | 15.79% | 13.98% | 15.08% | 18.75% | 22.86% | 25.86% | 25.93% | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Gross profit margin = 100
× (Gross profitQ1 2023
+ Gross profitQ4 2022
+ Gross profitQ3 2022
+ Gross profitQ2 2022)
÷ (Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022
+ Net revenuesQ2 2022)
= 100 × (1,143,500 + 1,219,600 + 1,432,800 + 1,323,400)
÷ (3,665,800 + 4,073,900 + 4,371,900 + 4,190,400)
= 31.40%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Trane Technologies plc gross profit margin ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Operating Profit Margin
Trane Technologies plc, operating profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Operating income | 456,800) | 580,600) | 739,500) | 710,600) | 388,200) | 435,700) | 583,400) | 651,000) | 353,200) | 388,000) | 566,900) | 423,500) | 154,400) | 425,400) | 623,200) | 650,500) | 318,500) | 446,700) | 587,000) | 640,300) | 243,400) | |||||||
| Net revenues | 3,665,800) | 4,073,900) | 4,371,900) | 4,190,400) | 3,355,500) | 3,569,300) | 3,719,800) | 3,829,700) | 3,017,600) | 3,179,100) | 3,495,500) | 3,138,800) | 2,641,300) | 4,150,900) | 4,344,300) | 4,527,800) | 3,575,900) | 3,895,100) | 4,030,900) | 4,357,700) | 3,384,500) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | 15.26% | 15.13% | 14.68% | 14.28% | 14.22% | 14.31% | 14.37% | 14.49% | 13.50% | 12.31% | 11.69% | 11.39% | 11.83% | 12.16% | 12.48% | 12.49% | 12.56% | 12.24% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | -3.58% | -5.33% | -11.99% | -6.98% | -6.53% | -4.66% | -10.80% | -12.18% | -20.36% | -21.95% | -11.39% | -7.90% | -8.05% | -2.58% | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 14.94% | 13.97% | 14.56% | 13.81% | 13.87% | 14.27% | 14.56% | 13.82% | 12.32% | 11.67% | 12.30% | 13.90% | 15.62% | 16.33% | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 14.85% | 14.55% | 13.90% | 16.33% | 15.97% | 15.69% | 15.50% | 12.54% | 10.81% | 11.45% | 11.39% | 11.87% | 13.86% | 13.38% | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 7.40% | 6.05% | 7.05% | 8.12% | 7.31% | 8.58% | 7.86% | 6.82% | 4.72% | 5.49% | 7.26% | 9.19% | 12.10% | 12.85% | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 19.05% | 18.12% | 17.55% | 17.31% | 17.37% | 18.03% | 18.36% | 17.95% | 16.90% | 17.45% | 17.20% | 17.83% | 19.01% | 18.66% | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 12.78% | 12.65% | 13.15% | 13.47% | 13.50% | 13.61% | 13.50% | 13.19% | 13.19% | 13.22% | 13.24% | 13.45% | 13.72% | 14.29% | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 8.73% | 8.07% | 7.93% | 7.81% | 7.75% | 7.70% | 5.93% | 4.61% | -3.59% | -3.34% | -0.30% | 2.90% | 11.73% | 11.64% | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Operating profit margin = 100
× (Operating incomeQ1 2023
+ Operating incomeQ4 2022
+ Operating incomeQ3 2022
+ Operating incomeQ2 2022)
÷ (Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022
+ Net revenuesQ2 2022)
= 100 × (456,800 + 580,600 + 739,500 + 710,600)
÷ (3,665,800 + 4,073,900 + 4,371,900 + 4,190,400)
= 15.26%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Trane Technologies plc operating profit margin ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Net Profit Margin
Trane Technologies plc, net profit margin calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net earnings (loss) attributable to Trane Technologies plc | 307,100) | 439,100) | 547,900) | 509,300) | 260,200) | 317,800) | 405,700) | 464,700) | 235,200) | 244,700) | 400,600) | 238,800) | (29,200) | 296,100) | 458,800) | 456,100) | 199,900) | 254,000) | 515,100) | 448,100) | 120,400) | |||||||
| Net revenues | 3,665,800) | 4,073,900) | 4,371,900) | 4,190,400) | 3,355,500) | 3,569,300) | 3,719,800) | 3,829,700) | 3,017,600) | 3,179,100) | 3,495,500) | 3,138,800) | 2,641,300) | 4,150,900) | 4,344,300) | 4,527,800) | 3,575,900) | 3,895,100) | 4,030,900) | 4,357,700) | 3,384,500) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | 11.06% | 10.98% | 10.56% | 10.06% | 10.01% | 10.07% | 9.82% | 9.95% | 8.72% | 6.86% | 6.75% | 6.76% | 7.54% | 8.50% | 8.38% | 8.89% | 8.94% | 8.54% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | -5.86% | -7.41% | -13.75% | -8.69% | -8.00% | -6.75% | -13.50% | -14.30% | -20.87% | -20.42% | -7.34% | -4.27% | -4.84% | -0.83% | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 12.10% | 11.85% | 13.70% | 13.19% | 13.02% | 13.47% | 11.28% | 10.17% | 8.53% | 7.68% | 8.12% | 9.50% | 11.06% | 12.00% | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 12.00% | 11.86% | 11.36% | 11.70% | 11.21% | 10.92% | 10.60% | 9.86% | 8.05% | 7.90% | 7.53% | 8.03% | 10.19% | 10.34% | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 12.35% | 0.31% | -8.10% | -6.18% | -6.70% | -9.17% | -0.06% | -3.39% | -4.68% | 7.81% | 4.92% | -5.55% | -2.75% | -5.69% | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 14.54% | 14.00% | 15.38% | 14.74% | 15.30% | 16.11% | 15.80% | 14.65% | 14.17% | 14.64% | 14.99% | 16.94% | 17.38% | 16.73% | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 8.60% | 8.69% | 9.07% | 7.33% | 9.45% | 9.42% | 9.13% | 10.69% | 10.53% | 10.45% | 10.18% | 10.25% | 10.21% | 10.42% | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 8.08% | 7.75% | 6.76% | 6.84% | 6.47% | 6.00% | 5.20% | 3.51% | -4.44% | -6.22% | -4.20% | -2.52% | 5.87% | 7.19% | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Net profit margin = 100
× (Net earnings (loss) attributable to Trane Technologies plcQ1 2023
+ Net earnings (loss) attributable to Trane Technologies plcQ4 2022
+ Net earnings (loss) attributable to Trane Technologies plcQ3 2022
+ Net earnings (loss) attributable to Trane Technologies plcQ2 2022)
÷ (Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022
+ Net revenuesQ2 2022)
= 100 × (307,100 + 439,100 + 547,900 + 509,300)
÷ (3,665,800 + 4,073,900 + 4,371,900 + 4,190,400)
= 11.06%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Trane Technologies plc net profit margin ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Return on Equity (ROE)
Trane Technologies plc, ROE calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net earnings (loss) attributable to Trane Technologies plc | 307,100) | 439,100) | 547,900) | 509,300) | 260,200) | 317,800) | 405,700) | 464,700) | 235,200) | 244,700) | 400,600) | 238,800) | (29,200) | 296,100) | 458,800) | 456,100) | 199,900) | 254,000) | 515,100) | 448,100) | 120,400) | |||||||
| Total Trane Technologies plc shareholders’ equity | 6,036,100) | 6,088,600) | 5,858,300) | 5,723,500) | 5,998,600) | 6,255,900) | 6,475,100) | 6,457,300) | 6,296,700) | 6,407,700) | 6,366,700) | 5,936,900) | 5,772,600) | 7,267,600) | 7,237,600) | 7,130,500) | 6,885,800) | 7,022,700) | 7,308,100) | 6,787,100) | 7,080,700) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | 29.88% | 28.85% | 27.91% | 26.09% | 24.15% | 22.75% | 20.85% | 20.83% | 17.78% | 13.34% | 14.24% | 16.25% | 20.47% | 19.41% | 18.91% | 19.99% | 20.58% | 19.05% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 39.18% | 42.25% | 47.28% | 42.96% | 38.07% | 39.37% | 30.90% | 26.09% | 20.73% | 19.56% | 22.18% | 30.16% | 37.36% | 41.77% | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 14.72% | 14.45% | 14.26% | 14.12% | 13.35% | 13.06% | 12.95% | 12.23% | 9.54% | 9.44% | 9.58% | 10.87% | 14.93% | 13.75% | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 27.72% | 0.62% | -18.56% | -12.75% | -12.20% | -16.17% | -0.11% | -7.29% | -9.82% | 16.04% | 11.41% | -13.31% | -6.71% | -17.58% | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 30.89% | 29.74% | 30.36% | 28.96% | 28.58% | 29.85% | 30.67% | 27.73% | 25.71% | 27.23% | 27.56% | 32.23% | 35.75% | 33.22% | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 58.97% | 61.86% | 49.05% | 41.16% | 62.10% | 57.62% | 62.90% | 109.51% | 110.16% | 113.60% | 132.02% | 171.93% | 181.17% | 199.23% | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 7.61% | 7.16% | 6.36% | 6.34% | 5.79% | 5.29% | 4.65% | 3.07% | -3.74% | -4.88% | -3.67% | -2.42% | 10.42% | 13.25% | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
ROE = 100
× (Net earnings (loss) attributable to Trane Technologies plcQ1 2023
+ Net earnings (loss) attributable to Trane Technologies plcQ4 2022
+ Net earnings (loss) attributable to Trane Technologies plcQ3 2022
+ Net earnings (loss) attributable to Trane Technologies plcQ2 2022)
÷ Total Trane Technologies plc shareholders’ equity
= 100 × (307,100 + 439,100 + 547,900 + 509,300)
÷ 6,036,100 = 29.88%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Trane Technologies plc ROE improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Return on Assets (ROA)
Trane Technologies plc, ROA calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net earnings (loss) attributable to Trane Technologies plc | 307,100) | 439,100) | 547,900) | 509,300) | 260,200) | 317,800) | 405,700) | 464,700) | 235,200) | 244,700) | 400,600) | 238,800) | (29,200) | 296,100) | 458,800) | 456,100) | 199,900) | 254,000) | 515,100) | 448,100) | 120,400) | |||||||
| Total assets | 17,897,400) | 18,081,600) | 17,739,800) | 17,680,800) | 17,636,900) | 18,059,800) | 18,202,200) | 18,369,400) | 17,824,800) | 18,156,700) | 17,939,400) | 17,223,600) | 17,635,600) | 20,492,300) | 20,306,900) | 20,667,600) | 19,781,000) | 17,914,900) | 18,304,500) | 18,377,900) | 18,365,100) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | 10.08% | 9.71% | 9.22% | 8.44% | 8.21% | 7.88% | 7.42% | 7.32% | 6.28% | 4.71% | 5.05% | 5.60% | 6.70% | 6.89% | 6.74% | 6.90% | 7.16% | 7.47% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | -3.03% | -3.60% | -6.14% | -3.90% | -3.60% | -3.03% | -5.77% | -5.92% | -7.85% | -7.80% | -2.77% | -1.75% | -2.39% | -0.48% | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 8.50% | 8.18% | 9.11% | 8.33% | 7.90% | 7.84% | 6.37% | 5.37% | 4.26% | 3.83% | 4.32% | 5.41% | 6.99% | 7.77% | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 7.23% | 7.03% | 6.67% | 6.58% | 6.30% | 6.30% | 6.06% | 5.12% | 4.20% | 4.43% | 4.48% | 5.08% | 6.90% | 6.74% | — | — | — | — | — | — | — | |||||||
| General Electric Co. | 5.33% | 0.12% | -3.23% | -2.38% | -2.48% | -3.28% | -0.02% | -1.03% | -1.34% | 2.25% | 1.49% | -1.75% | -0.90% | -1.87% | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 8.73% | 7.97% | 8.92% | 8.16% | 8.29% | 8.60% | 8.53% | 7.78% | 7.28% | 7.40% | 7.85% | 9.19% | 10.99% | 10.47% | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 10.41% | 10.84% | 11.28% | 9.09% | 12.06% | 12.41% | 11.69% | 13.71% | 13.52% | 13.47% | 12.88% | 13.00% | 12.68% | 13.11% | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 3.43% | 3.27% | 2.82% | 2.81% | 2.63% | 2.39% | 2.09% | 1.37% | -1.67% | -2.17% | -1.55% | -1.01% | 2.94% | 3.96% | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
ROA = 100
× (Net earnings (loss) attributable to Trane Technologies plcQ1 2023
+ Net earnings (loss) attributable to Trane Technologies plcQ4 2022
+ Net earnings (loss) attributable to Trane Technologies plcQ3 2022
+ Net earnings (loss) attributable to Trane Technologies plcQ2 2022)
÷ Total assets
= 100 × (307,100 + 439,100 + 547,900 + 509,300)
÷ 17,897,400 = 10.08%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Trane Technologies plc ROA improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |