Benchmark Electronics Inc (BHE)

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	64,315	67,982	66,399	69,629	68,229	59,429	48,665	38,813	35,770	31,046	28,896	18,120	14,055	-571	650	13,504	23,425	58,072	58,735	60,231
Total stockholders’ equity	US$ in thousands	1,079,080	1,063,050	1,047,730	1,034,630	1,026,420	1,000,620	985,773	976,405	973,802	962,336	967,278	977,547	989,588	990,327	984,360	989,622	1,014,830	1,028,770	1,045,050	1,078,720
ROE		5.96%	6.39%	6.34%	6.73%	6.65%	5.94%	4.94%	3.98%	3.67%	3.23%	2.99%	1.85%	1.42%	-0.06%	0.07%	1.36%	2.31%	5.64%	5.62%	5.58%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $64,315K ÷ $1,079,080K
= 5.96%

Benchmark Electronics Inc.'s return on equity (ROE) has shown a consistent upward trend over the past eight quarters. The ROE has steadily increased from 3.98% in Q1 2022 to 6.73% in Q1 2023. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders.

The gradual improvement in ROE suggests that Benchmark Electronics Inc. has been able to efficiently manage its assets and liabilities to enhance shareholder value. The company's ability to generate higher returns on equity implies that it is operating efficiently and effectively in utilizing its resources.

The consistent increase in ROE over the quarters demonstrates the company's commitment to enhancing profitability and efficiently managing its capital structure. This positive trend in ROE highlights Benchmark Electronics Inc.'s potential for growth and profitability in the future.