Broadcom Inc (AVGO)
Return on equity (ROE)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 11,633,000 | 14,082,000 | 13,917,000 | 13,688,000 | 12,797,000 | 11,495,000 | 10,125,000 | 8,927,000 | 7,830,000 | 6,736,000 | 6,071,000 | 4,883,000 | 3,953,000 | 2,960,000 | 2,483,000 | 2,510,000 | 2,638,000 | 2,724,000 | 2,992,000 | 3,473,000 |
| Total stockholders’ equity | US$ in thousands | 70,284,000 | 23,988,000 | 22,079,000 | 22,007,000 | 23,310,000 | 22,709,000 | 20,903,000 | 20,990,000 | 22,994,000 | 24,989,000 | 24,367,000 | 23,966,000 | 23,999,000 | 23,901,000 | 23,585,000 | 23,970,000 | 24,396,000 | 24,941,000 | 21,503,000 | 22,172,000 |
| ROE | 16.55% | 58.70% | 63.03% | 62.20% | 54.90% | 50.62% | 48.44% | 42.53% | 34.05% | 26.96% | 24.91% | 20.37% | 16.47% | 12.38% | 10.53% | 10.47% | 10.81% | 10.92% | 13.91% | 15.66% |
February 4, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $11,633,000K ÷ $70,284,000K
= 16.55%
Broadcom Inc's return on equity (ROE) has shown significant fluctuations over the past few quarters. The ROE stood at 16.55% as of February 4, 2024, showing a decline from the previous quarter's exceptionally high ROE of 58.70% as of October 29, 2023. The company's ROE peaked at 63.03% as of July 30, 2023, indicating robust profitability and efficiency in generating returns for shareholders.
Despite the fluctuations, Broadcom Inc has generally maintained a relatively strong ROE performance, consistently above 10% over the past few years. The decreasing trend from the recent high of 63.03% suggests a potential decline in the company's profitability and efficiency in utilizing shareholder equity to generate profits.
Overall, Broadcom Inc's ROE performance indicates a company that has been able to generate healthy returns for its shareholders, although the recent decline in ROE warrants further monitoring to assess the company's financial health and performance in the upcoming quarters. Investors and stakeholders should closely follow future financial reports and management discussions to gain insights into the company's strategies to improve ROE and overall financial performance.
Peer comparison
Feb 4, 2024