Cogent Communications Group Inc (CCOI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,273,440 | 5,146 | 48,185 | 6,216 | 37,520 |
| Total stockholders’ equity | US$ in thousands | 609,556 | -518,632 | -373,098 | -293,166 | -203,679 |
| ROE | 208.91% | — | — | — | — |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,273,440K ÷ $609,556K
= 208.91%
The return on equity (ROE) for Cogent Communications Holdings Inc as of December 31, 2023, is exceptionally strong at 208.91%. Unfortunately, historical data for ROE in the prior years (up to December 31, 2019) is not available for comparison and trend analysis. A high ROE indicates that the company is effectively generating profit from the shareholders' equity, which could be attributed to efficient management of assets and liabilities, as well as strong financial performance. However, further analysis and comparison with industry peers and benchmarks would be necessary to provide a more comprehensive understanding of the company's financial performance and sustainability of the ROE levels.
Peer comparison
Dec 31, 2023