CSG Systems International Inc (CSGS)

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	66,246	73,725	67,512	58,875	44,060	41,160	44,809	58,813	72,331	68,347	65,783	56,828	58,711	68,027	76,020	85,033	82,770	81,087	75,629	71,367
Total stockholders’ equity	US$ in thousands	273,326	260,491	383,311	368,223	355,249	344,305	377,022	410,537	436,609	439,989	439,780	427,715	422,395	409,927	397,622	386,831	396,662	382,036	374,324	367,510
ROE		24.24%	28.30%	17.61%	15.99%	12.40%	11.95%	11.88%	14.33%	16.57%	15.53%	14.96%	13.29%	13.90%	16.59%	19.12%	21.98%	20.87%	21.22%	20.20%	19.42%

December 31, 2023 calculation

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

The return on equity (ROE) of CSG Systems International Inc. has been relatively stable over the past few quarters, ranging from 11.88% in Q2 2022 to 28.30% in Q3 2023. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits.

The upward trend in ROE from Q4 2022 to Q3 2023 suggests an improvement in the company's profitability and efficiency in utilizing its equity capital. The peak ROE of 28.30% in Q3 2023 is particularly noteworthy, indicating a strong performance in that quarter.

Overall, CSG Systems International Inc.'s ROE performance has been positive and demonstrates the company's ability to generate value for its shareholders. It is essential to continue monitoring ROE as it provides insight into the company's profitability and efficiency in utilizing shareholders' equity.