Exelixis Inc (EXEL)

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	521,267	466,924	349,992	205,054	207,765	92,074	164,243	153,737	182,282	307,621	272,615	298,035	231,063	164,285	94,041	64,770	111,781	152,136	281,628	293,849
Total stockholders’ equity	US$ in thousands	2,244,200	2,275,420	2,119,730	2,128,010	2,263,910	2,347,620	2,527,940	2,555,140	2,488,430	2,491,400	2,391,260	2,293,850	2,210,620	2,112,450	2,043,080	1,911,190	1,879,110	1,852,030	1,833,320	1,747,650
ROE		23.23%	20.52%	16.51%	9.64%	9.18%	3.92%	6.50%	6.02%	7.33%	12.35%	11.40%	12.99%	10.45%	7.78%	4.60%	3.39%	5.95%	8.21%	15.36%	16.81%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $521,267K ÷ $2,244,200K
= 23.23%

Exelixis Inc's return on equity (ROE) has shown fluctuations over the periods ranging from March 31, 2020, to December 31, 2024. The ROE was relatively high in March 31, 2020, at 16.81% and remained above 10% until March 31, 2022. However, there was a declining trend from March 31, 2022, through September 30, 2023, when the ROE decreased to as low as 3.92%.

Subsequently, there was a moderate recovery in the ROE from December 31, 2023, through June 30, 2024. The ROE increased notably to 23.23% by December 31, 2024, showcasing a significant improvement in the company's return on equity performance over the recent periods.

It is essential for stakeholders to monitor these fluctuations in ROE to assess the company's profitability and its ability to generate a return on the shareholders' investments. It is evident that Exelixis Inc's ROE has experienced both highs and lows, indicating varying levels of profitability and efficiency in utilizing shareholder equity during the specified time frame.