Exelixis Inc (EXEL)

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	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	321,012	612,358	641,536	649,988
Total stockholders’ equity	US$ in thousands	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	1,685,970	1,603,720	1,488,630	1,385,020
ROE		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%	19.04%	38.18%	43.10%	46.93%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $207,765K ÷ $2,263,910K
= 9.18%

Exelixis Inc's Return on Equity (ROE) has displayed fluctuations over the past five quarters. The ROE stood at 9.18% in December 2023, showing a moderate increase from the previous quarter's 3.92%. This improvement indicates a better utilization of shareholder equity to generate profits.

Comparing the current ROE with the same period last year, the company's performance appears to have declined slightly as the ROE was 7.33% in December 2022. However, it is worth noting that, historically, Exelixis has maintained a relatively stable ROE performance above 5% over the periods observed.

The highest ROE in the dataset was recorded at 46.93% in June 2019, indicating a period of exceptional return generation compared to the recent quarters. Conversely, the lowest ROE was noted at 3.39% in March 2021, signaling a period of relatively lower profitability relative to total equity.

Overall, Exelixis Inc's ROE trends suggest a company that has been able to effectively balance the utilization of equity to generate returns, albeit with some fluctuations. Further analysis of the company's financial and operational strategies may provide insights into the factors driving these ROE movements.