Calix Inc (CALX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,325 | 41,010 | 238,378 | 33,484 | -17,694 |
| Total stockholders’ equity | US$ in thousands | 718,982 | 679,567 | 568,428 | 280,325 | 154,028 |
| ROE | 4.08% | 6.03% | 41.94% | 11.94% | -11.49% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $29,325K ÷ $718,982K
= 4.08%
The return on equity (ROE) of Calix Inc has fluctuated over the past five years, ranging from a negative value of -11.49% in 2019 to a high of 41.94% in 2021. In 2020, the ROE was 11.94%, showing a moderate return compared to the previous and subsequent years. However, in 2022 and 2023, the ROE decreased significantly to 6.03% and 4.08%, respectively.
The declining trend in ROE from 2021 to 2023 may indicate a decrease in the company's profitability and efficiency in generating returns for its shareholders relative to its equity. A lower ROE could be attributed to various factors such as declining net income, increasing shareholder equity, or inefficient use of assets.
Further analysis of Calix Inc's financial performance and its underlying factors driving the changes in ROE over the years would be necessary to better understand the company's profitability and efficiency in utilizing shareholder equity.
Peer comparison
Dec 31, 2023