PC Connection Inc (CNXN)
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 | 83,271 | 78,316 | 75,924 | 81,625 | 89,219 | 92,781 | 89,620 | 81,514 | 69,906 | 63,817 | 60,702 | 51,053 | 55,765 | 61,435 | 68,255 | 84,280 | 82,111 | 81,445 | 71,461 | 66,019 |
| Total stockholders’ equity | US$ in thousands | 840,767 | 819,161 | 794,120 | 776,483 | 766,175 | 756,107 | 731,999 | 705,482 | 682,473 | 686,172 | 665,571 | 647,495 | 636,327 | 628,277 | 611,213 | 602,562 | 597,312 | 583,144 | 560,167 | 537,592 |
| ROE | 9.90% | 9.56% | 9.56% | 10.51% | 11.64% | 12.27% | 12.24% | 11.55% | 10.24% | 9.30% | 9.12% | 7.88% | 8.76% | 9.78% | 11.17% | 13.99% | 13.75% | 13.97% | 12.76% | 12.28% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $83,271K ÷ $840,767K
= 9.90%
The return on equity (ROE) for PC Connection, Inc. has shown a consistent trend over the past eight quarters. The ROE has ranged from 9.56% to 12.27%, with a slight decline in the most recent quarter to 9.90%. This indicates that the company's ability to generate profit from its shareholders' equity has been relatively stable, albeit with a slight decrease in the most recent period.
Overall, the ROE figures suggest that PC Connection, Inc. is effectively utilizing its equity to generate profits for its shareholders, although there may be some room for improvement to regain the higher levels of ROE seen in previous quarters. It is important for the company to monitor and potentially improve its efficiency in using equity to generate returns in order to maintain shareholder confidence and drive future growth.
Peer comparison
Dec 31, 2023