What is the ROE (Return on Equity) of Cummins this year?
The ROE of Cummins this year is 0.08 undefined.
Cummins ROE 2024
Cummins ROE
0.08
Cummins Dividend yield
2.32 %
Ticker
CMI
ISIN
US2310211063
WKN
853121
In 2024, Cummins's return on equity (ROE) was 0.08, a -65.35% increase from the 0.24 ROE in the previous year.
Cummins Aktienanalyse
What does Cummins do?
Cummins Inc is a leading manufacturer of diesel engines, parts, and accessories, and also produces alternative and renewable energy systems. The company was founded in 1919 by William Glanton Irwin, Clessie Lyle Cummins, and others, with its headquarters in Columbus, Indiana, and now has subsidiaries in over 190 countries worldwide. The company was developed by Clessie Cummins, who was an engineer and racer. He had the idea to develop a more efficient diesel engine than those on the market at the time. Together with William Irwin and other co-founders, they established the Cummins Engine Company and developed engines from the beginning that were more reliable, efficient, and economical than their predecessors. Since its founding, Cummins Inc has developed a wide range of products, including diesel engines for heavy trucks, corporate applications such as power generation units, marine and rail propulsion, and alternative fuel systems. One of Cummins' most well-known products is the Dodge Ram Pickup Truck, equipped with the Cummins 6.7L turbo-diesel engine. Cummins Inc's strategy is to provide customers with comprehensive service, providing all the key attributes they need to be successful. By dividing the company into various segments such as commercial vehicles, power generation systems, as well as smaller engines and parts, it can offer customers a comprehensive range of products and services. The different divisions of the company work closely together to ensure that the customer receives a complete solution they require. In 2019, the company celebrated its 100th anniversary. In its fourth year of operation, Cummins expanded its business in Europe and sold its fully functional diesel engines to the Royal Navy of the United Kingdom. In 1925, the company began production of diesel engines for bus and truck traffic, and in 1952, Cummins developed and produced its first turbocharger system. In recent years, Cummins Inc has also increased its efforts towards sustainability and renewable energy, now offering products and services to support a wide range of applications including wind energy systems, solar systems, biofuels, and hybrid technologies. Overall, Cummins Inc is a leading provider of innovative and high-quality engines, parts, and accessories, offering customers a comprehensive solution that encompasses all aspects of their business. The company has proven throughout its nearly century-long history that it is continually able to meet the ever-changing demands of its customers and contribute to shaping the world and the economy. Cummins ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROE Details
Decoding Cummins's Return on Equity (ROE)
Cummins's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.
Year-to-Year Comparison
Analyzing Cummins's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.
Impact on Investments
Cummins's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.
Interpreting ROE Fluctuations
Changes in Cummins’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.
Frequently Asked Questions about Cummins Stock
How has the Return on Equity (ROE) of Cummins developed compared to the previous year?
The ROE of Cummins has increased by -65.35% decreased compared to the previous year.
What impact does a high ROE (Return on Equity) have on investors of Cummins?
A high ROE indicates that Cummins generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.
What impact does a low ROE (Return on Equity) have on investors of Cummins?
A low ROE can indicate that Cummins is having difficulties monetizing its investments successfully and can be a negative signal for investors.
How does a change in the ROE (Return on Equity) of Cummins affect the company?
A change in ROE (Return on Equity) of Cummins can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.
How to calculate the ROE (Return on Equity) of Cummins?
The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.
Which factors influence the ROE (Return on Equity) of Cummins?
Some factors that can influence Cummins's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.
What strategic measures can take to improve the ROE (Return on Equity)?
To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.
How much dividend does Cummins pay?
Over the past 12 months, Cummins paid a dividend of 6.5 USD . This corresponds to a dividend yield of about 2.32 %. For the coming 12 months, Cummins is expected to pay a dividend of 7.43 USD.
What is the dividend yield of Cummins?
The current dividend yield of Cummins is 2.32 %.
When does Cummins pay dividends?
Cummins pays a quarterly dividend. This is distributed in the months of June, September, December, March.
How secure is the dividend of Cummins?
Cummins paid dividends every year for the past 24 years.
What is the dividend of Cummins?
For the upcoming 12 months, dividends amounting to 7.43 USD are expected. This corresponds to a dividend yield of 2.65 %.
In which sector is Cummins located?
Cummins is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Cummins kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Cummins from 3/7/2024 amounting to 1.68 USD, you needed to have the stock in your portfolio before the ex-date on 2/22/2024.
When did Cummins pay the last dividend?
The last dividend was paid out on 3/7/2024.
What was the dividend of Cummins in the year 2023?
In the year 2023, Cummins distributed 6.04 USD as dividends.
In which currency does Cummins pay out the dividend?
The dividends of Cummins are distributed in USD.
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