Enhabit Inc. (EHAB)

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
Net income (ttm)	US$ in thousands	-80,500	-169,300	-158,300	-63,800
Total stockholders’ equity	US$ in thousands	669,700	676,600	675,200	744,300	741,700	835,400	822,300
ROE		-12.02%	-25.02%	-23.44%	-8.57%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-80,500K ÷ $669,700K
= -12.02%

Based on the provided data, the return on equity (ROE) of Enhabit Inc. has been fluctuating over the past few quarters. The ROE was negative in all quarters, indicating that the company's net income was insufficient to generate a positive return for shareholders.

In the most recent quarter, as of December 31, 2023, the ROE stood at -12.02%. This signifies that for every dollar of shareholders' equity invested in the company, Enhabit Inc. generated a negative return of 12.02 cents. The downward trend from a ROE of -8.57% in the previous quarter, as of March 31, 2023, to -12.02% in the latest quarter suggests a worsening performance.

The consistently negative ROE values raise concerns about the company's profitability and efficiency in utilizing shareholders' funds to generate returns. Enhabit Inc. may need to reassess its operational strategies, cost management, and revenue generation in order to improve its profitability and ultimately enhance shareholder value.