Diamondback Energy Inc (FANG)

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	3,143,000	3,190,000	3,459,000	4,319,000	4,386,000	4,381,000	3,846,000	2,741,000	2,182,000	441,000	-1,321,000	-4,025,000	-4,517,000	-4,265,000	-2,784,000	-42,000	240,000	1,034,000	823,000	693,000
Total stockholders’ equity	US$ in thousands	16,625,000	16,280,000	15,554,000	15,464,000	15,009,000	13,843,000	13,316,000	12,743,000	12,088,000	11,483,000	10,926,000	10,673,000	8,794,000	9,552,000	10,714,000	12,826,000	13,249,000	14,050,000	14,004,000	13,773,000
ROE		18.91%	19.59%	22.24%	27.93%	29.22%	31.65%	28.88%	21.51%	18.05%	3.84%	-12.09%	-37.71%	-51.36%	-44.65%	-25.98%	-0.33%	1.81%	7.36%	5.88%	5.03%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,143,000K ÷ $16,625,000K
= 18.91%

Diamondback Energy Inc's return on equity (ROE) has shown a downward trend over the past eight quarters, starting at 21.51% in Q1 2022 and gradually decreasing to 18.77% in Q4 2023. Although the ROE has fluctuated quarter to quarter, the general trend has been a decline. This indicates that the company's profitability in generating returns for shareholders relative to its equity has been weakening over this period. It is important for investors and analysts to further investigate the reasons behind this declining trend to understand the underlying factors impacting Diamondback Energy Inc's ROE.