Cogent Communications Group Inc (CCOI)
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 | 1,581,285 | 1,074,137 | 1,122,853 | 10,157 | 5,146 | 20,494 | 41,821 | 28,164 | 45,878 | 10,478 | -7,797 | 3,260 | -6,364 | 40,869 | 59,525 | 58,097 | 58,087 | 52,365 | 46,895 | 46,311 |
| Total stockholders’ equity | US$ in thousands | 609,556 | 442,128 | 539,200 | -548,547 | -518,632 | -491,765 | -440,181 | -408,606 | -373,098 | -356,767 | -336,141 | -307,559 | -293,166 | -260,691 | -235,550 | -222,225 | -203,679 | -190,501 | -176,590 | -164,231 |
| ROE | 259.42% | 242.95% | 208.24% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,581,285K ÷ $609,556K
= 259.42%
The return on equity (ROE) for Cogent Communications Holdings Inc has shown significant variability over the past few quarters. In Q4 2023, the ROE stood at an impressive 208.91%, followed by a further increase to 242.95% in Q3 2023. These high ROE figures indicate that the company is generating substantial profits relative to its shareholders' equity.
However, the lack of data for earlier quarters in 2023 makes it challenging to assess the trend in ROE over the entire year. It is also essential to note that exceptionally high ROE figures can sometimes be attributed to factors such as debt financing or financial leverage rather than operational performance alone.
Further analysis may be required to understand the drivers behind these ROE figures and whether they are sustainable in the long term. Additionally, monitoring future quarters' ROE trends can provide valuable insights into the company's financial performance and efficiency in utilizing shareholders' equity to generate profits.
Peer comparison
Dec 31, 2023