The Cheesecake Factory (CAKE)

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	101,351	85,372	65,029	48,010	43,123	48,531	83,609	91,668	72,373	37,946	-23,080	-113,334	-253,365	-172,339	-127,903	-35,854	127,293	94,762	112,167	111,200
Total stockholders’ equity	US$ in thousands	318,062	321,644	325,903	299,839	292,003	323,496	361,684	355,326	330,166	321,946	284,608	316,514	288,693	322,276	351,929	418,971	571,742	533,816	540,279	542,244
ROE		31.87%	26.54%	19.95%	16.01%	14.77%	15.00%	23.12%	25.80%	21.92%	11.79%	-8.11%	-35.81%	-87.76%	-53.48%	-36.34%	-8.56%	22.26%	17.75%	20.76%	20.51%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $101,351K ÷ $318,062K
= 31.87%

The return on equity (ROE) of The Cheesecake Factory has exhibited fluctuations over the past few quarters. In the latest period ending December 31, 2023, the ROE stood at 31.87%, showing an improvement compared to the previous quarters. The company's ROE was relatively stable between September 2022 and June 2023, ranging from 15.00% to 23.12%.

There was a significant drop in ROE in the first quarter of 2021, where it plummeted to -87.76%. This was followed by a series of negative ROE figures throughout 2021, indicating a challenging period for the company's profitability. However, the company managed to improve its ROE performance in subsequent quarters, reaching positive figures again by March 2022.

Overall, The Cheesecake Factory has shown varying ROE figures in recent quarters, with both positive and negative trends. Investors may want to closely monitor the company's financial performance and the factors driving these fluctuations in ROE to make informed investment decisions.