Maplebear Inc. (CART)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 457,000 | 444,000 | -1,673,000 | -1,620,000 | -1,622,000 | -1,291,000 | 744,000 | 638,000 | 428,000 | -79,500 | -157,000 | -137,000 | -50,000 | -7,073 | 36,245 | 8,582 | 4,528 |
| Total stockholders’ equity | US$ in thousands | 3,093,000 | 2,872,000 | 3,221,000 | 3,320,000 | 3,927,000 | 3,484,000 | 191,000 | 2,892,000 | -64,000 | 2,758,000 | 2,219,000 | 2,249,000 | 2,249,000 | 2,249,000 | — | 1,576,000 | 71,436 |
| ROE | 14.78% | 15.46% | -51.94% | -48.80% | -41.30% | -37.06% | 389.53% | 22.06% | — | -2.88% | -7.08% | -6.09% | -2.22% | -0.31% | — | 0.54% | 6.34% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $457,000K ÷ $3,093,000K
= 14.78%
Maplebear Inc.'s return on equity (ROE) has fluctuated significantly over the periods analyzed. In September 2019, the ROE stood at 6.34%, indicating a moderately healthy return relative to shareholders' equity. However, this figure declined sharply to 0.54% by March 2021, suggesting a significant reduction in profitability.
The subsequent periods saw Maplebear Inc. experiencing negative ROE figures, indicating that the company's net income was insufficient to cover its shareholders' equity, resulting in value destruction. Notably, the ROE worsened to its lowest point of -51.94% by June 2024, reflecting a considerable loss relative to shareholders' equity.
Despite the prolonged period of negative ROE, there was a notable improvement by March 2023, where the ROE surged to 22.06%. This sudden upturn in profitability could be indicative of potential operational improvements or favorable market conditions during that period.
The spike in ROE to 389.53% by June 2023 appears to be an outlier and may require further investigation to determine the cause of such a significant increase in profitability within a short span of time.
Overall, Maplebear Inc.'s ROE performance has been volatile, with fluctuations from negative figures to occasional positive spikes. Investors and analysts may need to closely monitor the company's financial health and underlying factors driving these variations in ROE to assess its long-term sustainability and profitability.
Peer comparison
Dec 31, 2024