Exelixis Inc (EXEL)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 207,765 | 182,282 | 231,063 | 111,781 | 321,012 |
| Total stockholders’ equity | US$ in thousands | 2,263,910 | 2,488,430 | 2,210,620 | 1,879,110 | 1,685,970 |
| ROE | 9.18% | 7.33% | 10.45% | 5.95% | 19.04% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $207,765K ÷ $2,263,910K
= 9.18%
Exelixis Inc's return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE stands at 9.18%, showing a modest increase from the previous year's 7.33%. The ROE was relatively higher in 2021 at 10.45%, compared to 2020 and 2019 when it was 5.95% and 19.04%, respectively.
The varying ROE figures indicate that Exelixis Inc's profitability in generating returns for its shareholders has not been consistent. It is important to note that while the ROE has increased in 2023, the ratio is still lower than the 2019 peak. Further analysis of the company's financial performance and operational efficiency may be necessary to understand the factors contributing to these fluctuations in ROE.
Peer comparison
Dec 31, 2023