Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,590 | -2,862 | -5,994 | -53,527 | -54,388 | -36,382 | -28,394 | 51,364 | 100,960 | 119,288 | 153,868 | |||
| Total stockholders’ equity | US$ in thousands | 667,575 | 649,926 | 648,186 | 633,271 | 623,838 | 516,200 | 524,712 | 580,274 | 568,180 | 537,015 | 529,686 | 487,707 | 437,390 | 388,552 |
| ROE | -0.39% | -0.44% | -0.92% | -8.45% | -8.72% | -7.05% | -5.41% | 8.85% | 17.77% | 22.21% | 29.05% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-2,590K ÷ $667,575K
= -0.39%
Corsair Gaming Inc's return on equity (ROE) has witnessed fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 0.48%, showing a slight return compared to the negative ROE reported in the previous two quarters. The peak ROE in the recent quarters was observed in Q3 2023 at 1.46%, indicating an improvement in the company's profitability and efficiency in generating returns for its shareholders.
The negative ROE figures in Q1 2023 and the preceding quarters point to challenges faced by the company in generating profits relative to its shareholders' equity. These periods might have been characterized by decreased profitability or inefficient use of shareholders' funds.
It is essential for Corsair Gaming Inc to consistently monitor and improve its ROE to ensure sustainable growth and value creation for its shareholders. Comparing the ROE performance with industry benchmarks and competitors can provide further insights into the company's financial health and competitive position in the market.
Peer comparison
Dec 31, 2023