Ciena Corp (CIEN)
Return on equity (ROE)
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 228,133 | 254,827 | 221,273 | 202,052 | 183,320 | 152,902 | 198,756 | 426,476 | 490,671 | 500,196 | 461,738 | 365,773 | 354,311 | 332,579 | 318,378 | 189,967 | -375,051 | 751,393 | 760,563 | 784,733 |
| Total stockholders’ equity | US$ in thousands | 2,923,500 | 2,848,360 | 2,947,010 | 2,908,650 | 2,838,300 | 2,712,860 | 2,667,740 | 2,782,420 | 2,814,790 | 3,020,020 | 2,924,240 | 2,693,260 | 2,586,510 | 2,509,600 | 2,428,870 | 2,240,580 | 2,054,300 | 1,778,950 | 1,744,120 | 1,756,140 |
| ROE | 7.80% | 8.95% | 7.51% | 6.95% | 6.46% | 5.64% | 7.45% | 15.33% | 17.43% | 16.56% | 15.79% | 13.58% | 13.70% | 13.25% | 13.11% | 8.48% | -18.26% | 42.24% | 43.61% | 44.69% |
January 27, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $228,133K ÷ $2,923,500K
= 7.80%
Over the past eight quarters, CIENA Corp.'s return on equity (ROE) has fluctuated within a range. In Q2 2022, the company reported a notably high ROE of 15.33%, indicating efficient utilization of shareholder equity to generate profits. However, in the subsequent quarters, the ROE decreased, reaching a low of 5.64% in Q4 2022.
There was an improvement in ROE in Q4 2023 at 8.95%, but this was followed by a slight decline to 7.80% in Q1 2024. Overall, the company's ROE has displayed some volatility, suggesting variability in its ability to generate profits relative to its shareholder equity.
It is important for CIENA Corp. to assess the factors influencing these fluctuations in ROE to ensure sustainable profitability and effective use of shareholder funds. Further analysis of the company's financial performance and operational strategies may provide insights into improving and maintaining a stable and competitive ROE in the future.
Peer comparison
Jan 27, 2024