Comcast Corp (CMCSA)

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	15,388,000	15,151,000	6,507,000	5,655,000	5,370,000	5,404,000	14,037,000	14,379,000	14,159,000	14,482,000	12,466,000	11,716,000	10,534,000	10,316,000	11,514,000	11,651,000	13,057,000	12,406,000	12,075,000	12,166,000
Total stockholders’ equity	US$ in thousands	82,703,000	82,625,000	84,119,000	82,421,000	80,943,000	80,296,000	91,426,000	94,693,000	96,092,000	95,782,000	94,935,000	92,575,000	90,323,000	86,176,000	83,614,000	81,506,000	82,726,000	78,144,000	76,850,000	74,959,000
ROE		18.61%	18.34%	7.74%	6.86%	6.63%	6.73%	15.35%	15.18%	14.73%	15.12%	13.13%	12.66%	11.66%	11.97%	13.77%	14.29%	15.78%	15.88%	15.71%	16.23%

December 31, 2023 calculation

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

To analyze Comcast Corp's return on equity (ROE), we observe fluctuations in the ROE over multiple periods. ROE is a key financial ratio that measures a company's profitability by indicating how effectively it generates profit from shareholders' equity.

In the most recent quarter, ending December 31, 2023, Comcast's ROE stands at 18.61%, marking a notable increase from the preceding quarter's ROE of 18.34%. This suggests an improvement in the company's ability to generate profits from shareholders' equity.

Looking back over the last year, there are fluctuations in Comcast's ROE. The ROE in the first two quarters of 2023 saw a decline before experiencing an upturn in the last two quarters of 2022. This indicates some volatility in the company's profitability performance and utilization of equity in generating earnings.

Overall, Comcast's ROE has displayed a generally increasing trend since the beginning of 2022, although with some fluctuations. This may signify the company's potential to deliver favorable returns to shareholders relative to the equity invested.

It's important to consider the underlying factors driving these changes in ROE, such as changes in net income, assets, or equity. Further analysis would be required to understand the drivers behind the fluctuations in ROE and assess the effectiveness of Comcast's utilization of equity in generating profits.