Corsair Gaming Inc (CRSR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | -2,590 | -54,388 | 100,960 | 103,217 |
| Total stockholders’ equity | US$ in thousands | 667,575 | 623,838 | 568,180 | 437,390 |
| ROE | -0.39% | -8.72% | 17.77% | 23.60% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-2,590K ÷ $667,575K
= -0.39%
Corsair Gaming Inc's return on equity (ROE) has displayed significant fluctuations over the past five years. In 2023, the ROE stood at 0.48%, indicating a minimal return generated on shareholders' equity. This marked improvement from the negative ROE of -9.77% in 2022, which suggests that the company turned losses into profits or improved its efficiency in generating profits relative to shareholders' equity.
The positive ROE in 2021 at 17.77% reflects a healthy return earned for each unit of equity. However, the ROE had been higher in 2020 at 23.60%, demonstrating a slightly decreased return to shareholders in 2021. Nonetheless, both years showed profitability and efficiency in utilizing shareholders' equity.
In contrast, the negative ROE in 2019 at -3.87% implies a loss generated from shareholders' equity, reflecting a less favorable performance. Overall, the trend in ROE for Corsair Gaming Inc indicates variations in the company's ability to generate profits from shareholders' equity, signifying the importance of monitoring and analyzing the company's financial performance over time.
Peer comparison
Dec 31, 2023