Cummins Inc

NYSE CMI

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Cummins Inc Return on Tangible Equity (ROTE) 5 year CAGR for the year ending December 31, 2023: -13.80%

Cummins Inc Return on Tangible Equity (ROTE) 5 year CAGR is -13.80% for the year ending December 31, 2023, a -159.43% change year over year. Return on tangible equity measures the profitability of a company relative to its tangible equity, which is shareholders' equity minus goodwill and intangible assets. It is calculated by dividing the net income by the tangible equity. This ratio indicates the return generated for each unit of tangible equity invested by the shareholders. A higher return on tangible equity suggests better profitability and value creation for the shareholders' tangible investment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Cummins Inc Return on Tangible Equity (ROTE) for the year ending December 31, 2022 was 54.52%, a 60.86% change year over year.
  • Cummins Inc Return on Tangible Equity (ROTE) for the year ending December 31, 2021 was 33.90%, a 10.00% change year over year.
  • Cummins Inc Return on Tangible Equity (ROTE) for the year ending December 31, 2020 was 30.81%, a -28.86% change year over year.
  • Cummins Inc Return on Tangible Equity (ROTE) for the year ending December 31, 2019 was 43.31%, a 7.48% change year over year.
NYSE: CMI

Cummins Inc

CEO Mr. N. Thomas Linebarger
IPO Date Dec. 18, 1984
Location United States
Headquarters 500 Jackson Street, Columbus, IN, United States, 47202-3005
Employees 75,500
Sector Industrials
Industry Specialty industrial machinery
Description

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines. It provides power generation systems, horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, and electric power generation systems, and batteries. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

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StockViz Staff

September 20, 2024

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