F5 Networks Inc (FFIV)

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	460,928	394,948	332,160	326,203	301,003	322,160	343,532	350,117	337,122	331,241	298,186	278,454	296,592	307,441	324,615	340,648	395,356	427,734	465,778	502,616
Total stockholders’ equity	US$ in thousands	2,860,980	2,800,230	2,657,500	2,725,560	2,582,350	2,468,980	2,322,980	2,397,130	2,405,360	2,360,210	2,192,170	2,007,820	2,401,590	2,232,270	2,153,900	1,998,190	1,929,460	1,761,500	1,623,780	1,467,410
ROE		16.11%	14.10%	12.50%	11.97%	11.66%	13.05%	14.79%	14.61%	14.02%	14.03%	13.60%	13.87%	12.35%	13.77%	15.07%	17.05%	20.49%	24.28%	28.68%	34.25%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $460,928K ÷ $2,860,980K
= 16.11%

F5 Inc's return on equity (ROE) has shown a fluctuating trend over the past eight quarters. The ROE stood at 16.11% in Q1 2024, indicating a solid return generated for shareholders on their equity investment. This marks an increase from 14.10% in Q4 2023 and suggests improved efficiency in utilizing equity to generate profits.

Despite the recent increase, the ROE has been somewhat volatile in the preceding quarters, ranging from 11.66% to 14.79%. This variability may reflect changes in the company's financial performance, capital structure, or operational efficiency.

It is worth noting that F5 Inc's ROE is generally above 10%, indicating that the company has been effectively utilizing shareholders' equity to generate profits. However, investors may want to monitor the trend over multiple quarters to assess the sustainability and consistency of the company's return on equity performance.