Enphase Energy Inc (ENPH)

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	438,936	571,770	572,629	492,414	397,362	296,200	203,197	165,572	145,449	165,849	183,402	96,757	133,995	177,670	169,407	227,319	161,148	45,191	10,622	-3,734
Total stockholders’ equity	US$ in thousands	983,624	1,014,700	972,587	970,093	825,573	610,053	450,999	330,982	430,168	647,815	584,399	732,841	483,993	416,206	370,176	316,207	272,212	152,289	117,271	14,124
ROE		44.62%	56.35%	58.88%	50.76%	48.13%	48.55%	45.05%	50.02%	33.81%	25.60%	31.38%	13.20%	27.69%	42.69%	45.76%	71.89%	59.20%	29.67%	9.06%	-26.44%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $438,936K ÷ $983,624K
= 44.62%

To analyze Enphase Energy Inc's return on equity (ROE) based on the provided data, we can observe a fluctuating trend in ROE over the past eight quarters.

The ROE has ranged from a low of 44.62% in Q4 2023 to a high of 58.88% in Q2 2023, indicating variability in the company's profitability and efficiency in generating returns for shareholders during this period.

Overall, Enphase Energy Inc has shown relatively strong ROE figures, with ROE consistently above 45% in all quarters. This indicates that the company has been effectively utilizing shareholders' equity to generate profits.

The increase in ROE from Q4 2022 to Q2 2023, followed by a slight decline in Q3 2023 and Q4 2023, may suggest some fluctuations in the company's profitability and efficiency.

It would be beneficial to further investigate the factors contributing to these fluctuations to better understand Enphase Energy Inc's performance and prospects for sustainable and continued growth.