Amphastar P (AMPH)

Return on equity (ROE)

		Dec 31, 2024	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
Net income (ttm)	US$ in thousands	159,519	157,722	166,515	154,690	137,545	135,291	101,943	93,165	91,386	77,233	90,907	81,328	62,116	36,083	10,454	2,495	1,403	6,650	4,041	52,020
Total stockholders’ equity	US$ in thousands	732,298	727,678	713,346	672,356	639,421	595,140	589,235	548,577	528,658	505,165	499,307	479,525	445,522	430,176	421,993	405,558	402,306	450,962	397,681	377,514
ROE		21.78%	21.67%	23.34%	23.01%	21.51%	22.73%	17.30%	16.98%	17.29%	15.29%	18.21%	16.96%	13.94%	8.39%	2.48%	0.62%	0.35%	1.47%	1.02%	13.78%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $159,519K ÷ $732,298K
= 21.78%

The return on equity (ROE) of Amphastar P has shown fluctuations over the past few years.

From March 31, 2020, to December 31, 2020, the ROE experienced a significant decline from 13.78% to 0.35%. This indicates a sharp drop in the company's ability to generate profit from shareholders' equity during this period.

However, from March 31, 2021, to September 30, 2021, there was a gradual improvement in ROE, climbing from 0.62% to 8.39%. This suggests that the company was able to enhance its profitability relative to shareholders' equity during this period.

From December 31, 2021, to June 30, 2024, ROE remained relatively stable, fluctuating between 13.94% and 23.34%. These consistent levels of ROE indicate that Amphastar P was able to maintain its profitability relative to shareholders' equity over these quarters.

Overall, the recent trend in ROE from September 30, 2023, to December 31, 2024, shows an increasing pattern, rising from 22.73% to 21.78%. This suggests that Amphastar P has been able to improve its profitability relative to shareholders' equity in the most recent quarters.

In conclusion, Amphastar P has experienced fluctuations in its return on equity over the past few years, but the recent trend indicates an improvement in the company's ability to generate profit from shareholders' equity. However, it is essential for the company to continue monitoring and enhancing its ROE to ensure sustained financial health and shareholder value.