F5 Networks Inc (FFIV)

Return on equity (ROE)

		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	Dec 31, 2019
Net income (ttm)	US$ in thousands	566,778	553,616	498,513	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
Total stockholders’ equity	US$ in thousands	3,129,380	3,010,740	2,933,270	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
ROE		18.11%	18.39%	17.00%	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%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $566,778K ÷ $3,129,380K
= 18.11%

The return on equity (ROE) of F5 Networks Inc has shown a fluctuating trend over the past several quarters. The company's ROE ranged from 11.66% to 20.49% between December 2019 and September 2024.

In general, F5 Networks Inc's ROE has been on an upward trajectory, increasing from 12.35% in March 2021 to 18.39% in June 2024. This indicates that the company has been generating higher profits relative to its shareholder equity. The ROE exceeding 15% in most quarters suggests that F5 Networks Inc has been efficiently utilizing its equity to generate returns for its shareholders.

However, it is important to note the slight decrease in ROE in the most recent quarter (September 2024) to 18.11% from the peak of 18.39% in June 2024. This could be attributed to various factors such as changes in the company's profitability, increased equity, or changes in financial leverage.

Overall, F5 Networks Inc's ROE performance demonstrates the company's ability to generate profits from the resources provided by shareholders, although monitoring future trends will be important to assess the company's sustainable profitability and efficiency in utilizing equity.