Calix Inc (CALX)
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 | 29,325 | 47,851 | 44,341 | 42,489 | 41,010 | 48,964 | 212,945 | 225,882 | 238,378 | 242,599 | 85,713 | 61,043 | 33,484 | 9,879 | -14,038 | -14,871 | -17,694 | -23,769 | -19,581 | -17,329 |
| Total stockholders’ equity | US$ in thousands | 718,982 | 750,945 | 741,770 | 717,839 | 679,567 | 647,747 | 617,129 | 591,805 | 568,428 | 535,626 | 345,638 | 314,715 | 280,325 | 247,531 | 159,168 | 150,915 | 154,028 | 146,150 | 147,206 | 145,841 |
| ROE | 4.08% | 6.37% | 5.98% | 5.92% | 6.03% | 7.56% | 34.51% | 38.17% | 41.94% | 45.29% | 24.80% | 19.40% | 11.94% | 3.99% | -8.82% | -9.85% | -11.49% | -16.26% | -13.30% | -11.88% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $29,325K ÷ $718,982K
= 4.08%
Calix Inc's return on equity (ROE) has been fluctuating over the past eight quarters. It decreased from 7.56% in Q3 2022 to 4.08% in Q4 2023, indicating a downward trend in ROE over this period. However, the ROE recovered slightly in Q3 2023 and Q2 2023 before declining again in Q4 2023.
Overall, the average ROE for the past eight quarters is around 13.93%. The significant decline in ROE from Q2 2022 to Q1 2022, where it dropped from 38.17% to 5.92%, suggests potential challenges or changes impacting the company's profitability and efficiency during that period.
It is important for stakeholders to closely monitor Calix Inc's ROE performance to assess the company's ability to generate profits from shareholders' equity. Further analysis involving other financial metrics and factors influencing the company's operations would be beneficial in gaining a more comprehensive understanding of Calix Inc's financial health and performance.
Peer comparison
Dec 31, 2023