ADEIA CORP (ADEA)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	67,372	-295,880	-55,457	146,762
Total stockholders’ equity	US$ in thousands	356,622	301,412	1,349,630	1,456,880
ROE		18.89%	-98.16%	-4.11%	10.07%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $67,372K ÷ $356,622K
= 18.89%

The return on equity (ROE) of ADEIA CORP has fluctuated over the past four years. In 2023, the ROE improved significantly to 18.89%, indicating that the company generated a higher return on shareholder equity compared to the previous year. However, in 2022, the ROE was negative at -98.16%, suggesting that the company experienced a significant loss relative to its equity base.

In 2021, the ROE was also negative at -4.11%, which indicates a continued period of underperformance in generating returns for shareholders. The positive ROE of 10.07% in 2020 shows that the company was able to achieve a modest return on equity during that year.

Overall, the fluctuating ROE figures suggest that ADEIA CORP has had varying levels of success in utilizing shareholder equity to generate profits over the past four years. Further analysis into the company's financial performance and operational efficiency may be necessary to assess the reasons behind these fluctuations in ROE.