Cirrus Logic Inc (CRUS)

Return on equity (ROE)

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Net income (ttm)	US$ in thousands	274,572	176,061	140,815	152,596	176,703	326,786	350,945	348,853	326,355	255,222	241,954	216,344	217,344	202,221	156,365	173,089	159,498	155,497	116,918	98,881
Total stockholders’ equity	US$ in thousands	1,817,010	1,800,760	1,708,360	1,656,790	1,658,280	1,716,320	1,654,610	1,599,190	1,599,820	1,562,750	1,468,090	1,406,730	1,389,000	1,400,360	1,316,830	1,272,290	1,229,780	1,259,880	1,178,620	1,117,250
ROE		15.11%	9.78%	8.24%	9.21%	10.66%	19.04%	21.21%	21.81%	20.40%	16.33%	16.48%	15.38%	15.65%	14.44%	11.87%	13.60%	12.97%	12.34%	9.92%	8.85%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $274,572K ÷ $1,817,010K
= 15.11%

Cirrus Logic Inc's return on equity (ROE) has shown some fluctuations over the past several quarters. The ROE ranged from a low of 8.24% in September 2023 to a high of 21.81% in June 2022. Overall, the ROE has generally been stable, with the latest reported ROE at 15.11% as of March 31, 2024.

A higher ROE indicates that the company is efficiently generating profits from its equity investments. The downward trend from the peak in June 2022 suggests some challenges or changes in the company's profitability or capital structure. Investors and analysts may need to further investigate the factors contributing to the fluctuations in ROE to assess the company's financial health and performance.