Power Systems — Interest Income
Cummins Power Systems — Interest Income increased by 50.0% to $3.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from $2.00M to $3.00M. Over 2 years (FY 2021 to FY 2023), Power Systems — Interest Income shows an upward trend with a 34.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests higher cash balances or improved yields on the segment's invested capital, while a decrease may indicate lower cash reserves or a shift in treasury management strategy.
Detailed definition
This metric represents the interest income generated specifically by the Power Systems business segment through its cash...
Peer comparison
Similar to 'Interest Income' reported in other industrial segments, though often small relative to operating profit, it is comparable to treasury income metrics in diversified manufacturing peers.
cmi_segment_power_systems_interest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $1.00M | $2.00M | $1.00M | $1.00M | $3.00M | $2.00M | $2.00M | $2.00M | $3.00M | $2.00M | $3.00M |
| QoQ Change | — | +0.0% | +100.0% | -50.0% | +0.0% | +200.0% | -33.3% | +0.0% | +0.0% | +50.0% | -33.3% | +50.0% |
| YoY Change | — | — | — | — | +0.0% | +200.0% | +0.0% | +100.0% | +100.0% | +0.0% | +0.0% | +50.0% |
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Frequently Asked Questions
- What is Cummins's power systems — interest income?
- Cummins (CMI) reported power systems — interest income of $3.00M in Q1 2024.
- How has Cummins's power systems — interest income changed year-over-year?
- Cummins's power systems — interest income increased by 50.0% year-over-year, from $2.00M to $3.00M.
- What is the long-term trend for Cummins's power systems — interest income?
- Over 2 years (2021 to 2023), Cummins's power systems — interest income has grown at a 34.2% compound annual growth rate (CAGR), from $5.00M to $9.00M.
- What does power systems — interest income mean?
- The interest income earned by the Power Systems business segment from its cash and financial investments.