Envestnet Inc (ENV)

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	-238,724	-92,058	-106,439	-108,308	-80,939	-49,543	-30,513	-15,509	13,296	25,645	15,815	19,172	-3,110	-6,760	-11,750	-5,933	-16,782	-20,149	-14,115	-20,534
Total stockholders’ equity	US$ in thousands	568,191	743,796	722,513	725,614	754,567	940,758	933,165	951,449	957,089	944,435	917,117	914,141	976,337	954,673	875,795	865,569	869,094	862,263	855,251	622,719
ROE		-42.01%	-12.38%	-14.73%	-14.93%	-10.73%	-5.27%	-3.27%	-1.63%	1.39%	2.72%	1.72%	2.10%	-0.32%	-0.71%	-1.34%	-0.69%	-1.93%	-2.34%	-1.65%	-3.30%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-238,724K ÷ $568,191K
= -42.01%

The return on equity (ROE) for Envestnet Inc. has been volatile fluctuating over the quarters. The company experienced a negative ROE in all quarters, ranging from -42.01% in Q4 2023 to -1.63% in Q1 2022. This indicates that Envestnet's net income generated from shareholders' equity was insufficient to produce a positive return for investors. The downward trend in ROE suggests the company's profitability and efficiency in utilizing shareholders' equity have been decreasing over the period analyzed. Envestnet Inc. may need to evaluate its operational performance and financial strategies to improve its ROE and enhance shareholder value.