Flex Ltd (FLEX)

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	945,000	959,000	1,006,000	753,000	786,000	790,000	793,000	819,000	816,000	920,000	937,000	1,009,000	990,000	767,000	612,820	421,500	324,888	94,948	88,000	-25,431
Total stockholders’ equity	US$ in thousands	5,003,000	4,996,000	5,325,000	5,965,000	5,906,000	5,406,000	5,351,000	4,505,000	4,180,000	4,091,000	4,129,000	3,655,000	3,514,000	3,508,000	3,436,000	3,381,000	3,115,000	2,940,000	2,831,000	2,899,000
ROE		18.89%	19.20%	18.89%	12.62%	13.31%	14.61%	14.82%	18.18%	19.52%	22.49%	22.69%	27.61%	28.17%	21.86%	17.84%	12.47%	10.43%	3.23%	3.11%	-0.88%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $945,000K ÷ $5,003,000K
= 18.89%

Flex Ltd's return on equity (ROE) has shown fluctuations over the periods in question. The ROE ranged from negative values in some periods like Dec 31, 2019, to a peak of 28.17% on Sep 30, 2021. The trend indicates that the company's performance in generating profit from shareholders' equity has varied significantly.

ROE was relatively stable in the mid-teens to low 20s range in the recent quarters, showing a slight decline from the peak in Sep 30, 2021. This may suggest a consolidation phase in the company's profitability after a period of high performance.

It is essential to understand the underlying factors driving these changes in ROE, such as changes in net income, total equity, or asset utilization. Further analysis of these components would provide a clearer picture of the company's financial performance and its ability to generate returns for its shareholders.