Enphase Energy Inc (ENPH)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	102,658	61,417	129,608	275,966	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
Total stockholders’ equity	US$ in thousands	833,016	931,373	884,523	922,723	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
ROE		12.32%	6.59%	14.65%	29.91%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $102,658K ÷ $833,016K
= 12.32%

Enphase Energy Inc's return on equity (ROE) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. ROE started at a strong level of 71.89% in March 2020 but gradually decreased to 12.32% by December 2024. The trend indicates some variability in the company's ability to generate profit from shareholder equity over time. From March 2020 to March 2023, ROE remained relatively high, fluctuating between 13.20% and 58.88%. However, after March 2023, the ROE started declining, reaching its lowest point of 6.59% in September 2024 before showing a slight recovery to 12.32% by December 2024. Overall, Enphase Energy Inc's ROE performance suggests a period of stronger profitability followed by a decline, which may warrant further investigation into the company's financial health and operational efficiency.