CSG Systems International Inc (CSGS)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	66,246	44,060	72,331	58,711	82,770
Total stockholders’ equity	US$ in thousands	273,326	355,249	436,609	422,395	396,662
ROE		24.24%	12.40%	16.57%	13.90%	20.87%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $66,246K ÷ $273,326K
= 24.24%

CSG Systems International Inc.'s return on equity (ROE) has shown fluctuations over the past five years, ranging from a low of 12.40% in 2022 to a high of 24.24% in 2023. The ROE improved significantly in 2023 compared to the previous year, indicating that the company has been able to generate higher profits relative to shareholders' equity during the most recent period. However, the ROE was lower in 2022 compared to 2021, suggesting a temporary decrease in profitability and efficiency in resource utilization.

Overall, CSG Systems International Inc. has demonstrated a generally healthy ROE performance, with the metric consistently above 10% in the last five years. This indicates that the company has been effective in utilizing shareholders' equity to generate profits. Further analysis of the company's business strategies, financial performance, and market conditions would be necessary to assess the underlying factors driving the fluctuations in ROE over the years.