Extreme Networks Inc (EXTR)
Return on equity (ROE)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -85,964 | -6,334 | 80,222 | 94,165 | 78,074 | 58,057 | 48,750 | 44,160 | 44,271 | 49,187 | 39,835 | 23,444 | 1,936 | -29,607 | -77,431 | -97,919 | -126,845 | -122,683 | -85,263 | -54,526 |
| Total stockholders’ equity | US$ in thousands | 25,282 | 64,962 | 108,184 | 108,482 | 116,752 | 103,192 | 84,567 | 110,603 | 90,343 | 99,263 | 69,599 | 72,325 | 54,468 | 35,136 | 17,925 | 9,911 | 5,398 | 16,400 | 50,927 | 93,849 |
| ROE | -340.02% | -9.75% | 74.15% | 86.80% | 66.87% | 56.26% | 57.65% | 39.93% | 49.00% | 49.55% | 57.24% | 32.41% | 3.55% | -84.26% | -431.97% | -987.98% | -2,349.85% | -748.07% | -167.42% | -58.10% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-85,964K ÷ $25,282K
= -340.02%
Extreme Networks Inc's return on equity (ROE) has been quite volatile over the past few quarters, ranging from extremely negative values to relatively high positive percentages. The ROE was notably negative at -340.02% in June 2024, indicating that the company's net income was insufficient to cover its shareholders' equity. This negative ROE trend continued from the previous quarter when it was -9.75%.
In contrast, the company experienced a significant improvement in ROE in the preceding quarters of December 2023 and September 2023, with ROE reaching 74.15% and 86.80%, respectively. During these periods, Extreme Networks Inc generated healthy profits relative to its shareholders' equity, reflecting a strong performance.
The ROE performance in the earlier quarters, particularly in December 2022 and March 2022, was also relatively stable, with values around 50%. This indicates that the company was able to generate a moderate return for its shareholders during these periods.
However, Extreme Networks Inc faced challenges in maintaining a consistent positive ROE, as evidenced by the negative ROE values in various quarters, such as in September 2020, -987.98%, and December 2020, -431.97%.
Overall, Extreme Networks Inc's ROE shows a significant fluctuation, suggesting variability in the company's profitability and efficiency in generating returns for its shareholders. Investors and analysts may need to closely monitor the company's financial performance and strategies to assess its long-term sustainability and growth prospects.
Peer comparison
Jun 30, 2024