Comcast Corp (CMCSA)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	15,388,000	5,370,000	14,159,000	10,534,000	13,057,000
Total stockholders’ equity	US$ in thousands	82,703,000	80,943,000	96,092,000	90,323,000	82,726,000
ROE		18.61%	6.63%	14.73%	11.66%	15.78%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $15,388,000K ÷ $82,703,000K
= 18.61%

Comcast Corp's return on equity (ROE) has seen fluctuations over the past five years. In 2023, the ROE stood at 18.61%, representing a significant improvement compared to the previous year's 6.64%. This increase suggests that the company's ability to generate profit from shareholders' equity has strengthened. However, it is worth noting that the ROE in 2023 remains below the 2019 level of 15.78%.

The ROE in 2021 was 14.73%, reflecting a slight decrease from the previous year's 11.66%. This decline indicates a temporary decrease in the company's profitability in relation to shareholders' equity. The ROE then rebounded in 2022, suggesting an improvement in profitability, but it remained below the 2019 level.

Overall, Comcast Corp's ROE has shown variability in recent years, with a marked increase in 2023. This trend demonstrates the importance of monitoring the company's ability to generate returns for shareholders and highlights the potential impact of company performance on shareholder value.