Apple Inc (AAPL)
Return on equity (ROE)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 55,256,000 | 55,695,000 | 57,170,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 90,488,000 | 96,456,000 | 105,860,000 |
| ROE | 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% | 61.06% | 57.74% | 54.01% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $100,913,000K ÷ $74,100,000K
= 136.18%
Apple Inc's return on equity (ROE) has shown a fluctuating trend over the past few years, as evidenced by the data provided. The ROE for the most recent quarter (December 2023) is 136.18%, which indicates that for every dollar of shareholders' equity, Apple generated a return of $1.36. This is a strong ROE, reflecting the company's ability to efficiently utilize its shareholders' equity to generate profits.
Looking at the trend, we observe that Apple's ROE has generally been on an upward trajectory since the beginning of 2019, with some fluctuations along the way. The peak ROE of 196.96% was recorded in September 2022. This indicates that Apple was particularly effective in generating profits relative to shareholders' equity during that period.
It is important to note that a high ROE can be a positive indicator, as it suggests that the company is generating solid returns for its shareholders. However, sustained high ROE levels should be analyzed in conjunction with other financial metrics to assess the overall financial health and performance of the company.
In conclusion, Apple Inc's ROE has exhibited variability over the past few years, with some periods of exceptionally high returns. It serves as a useful metric for evaluating the company's efficiency in generating profits relative to shareholders' equity.
Peer comparison
Dec 31, 2023