Apple Inc (AAPL)

Return on equity (ROE)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	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
Net income (ttm)	US$ in thousands	93,736,000	101,956,000	100,389,000	100,913,000	96,995,000	94,760,000	94,321,000	95,171,000	99,803,000	99,633,000	101,935,000	100,555,000	94,680,000	86,802,000	76,311,000	63,930,000	57,411,000	58,424,000	57,215,000	57,527,000
Total stockholders’ equity	US$ in thousands	56,950,000	66,708,000	74,194,000	74,100,000	62,146,000	60,274,000	62,158,000	56,727,000	50,672,000	58,107,000	67,399,000	71,932,000	63,090,000	64,280,000	69,178,000	66,224,000	65,339,000	72,282,000	78,425,000	89,531,000
ROE		164.59%	152.84%	135.31%	136.18%	156.08%	157.22%	151.74%	167.77%	196.96%	171.46%	151.24%	139.79%	150.07%	135.04%	110.31%	96.54%	87.87%	80.83%	72.96%	64.25%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $93,736,000K ÷ $56,950,000K
= 164.59%

Apple Inc's return on equity (ROE) has shown significant variability over the past few years, ranging from a low of 64.25% in December 2019 to a high of 196.96% in September 2022. This indicates fluctuations in the company's ability to generate profits from shareholders' equity.

The ROE has generally been on an upward trend since 2019, with occasional dips in between. The recent ROE figures for September 2024 and June 2024 are particularly strong at 164.59% and 152.84%, respectively. This suggests that Apple has been able to efficiently utilize its equity to generate profits for its shareholders.

Overall, Apple's ROE performance reflects the company's ability to generate strong returns on the capital invested by shareholders. However, investors should continue to monitor the trend to assess the sustainability of Apple's profitability and efficiency in utilizing its equity.