Frontdoor Inc (FTDR)
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 | 171,000 | 171,000 | 128,000 | 91,000 | 71,000 | 69,000 | 117,000 | 124,000 | 127,000 | 122,000 | 95,000 | 104,000 | 112,000 | 130,000 | 142,000 | 153,000 | 153,000 | 151,000 | 139,000 | |
| Total stockholders’ equity | US$ in thousands | 136,000 | 171,000 | 131,000 | 83,000 | 61,000 | 47,000 | 6,000 | -20,000 | 2,000 | 62,000 | 3,000 | -46,000 | -61,000 | -71,000 | -125,000 | -178,000 | -179,000 | -219,000 | -278,000 | -334,000 |
| ROE | 125.74% | 100.00% | 97.71% | 109.64% | 116.39% | 146.81% | 1,950.00% | — | 6,350.00% | 196.77% | 3,166.67% | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $171,000K ÷ $136,000K
= 125.74%
Frontdoor Inc.'s Return on Equity (ROE) has shown significant fluctuations over the past eight quarters. In Q4 2023, the ROE stood at an impressive 124.82%, a notable improvement from the previous quarter. While ROE was consistent and relatively high in the second and third quarters of 2023, it experienced a slight decrease in Q1 2023 compared to Q4 2022.
However, the most striking observation is the exceptionally high ROE of 1,950.00% reported in Q2 2022. This could be due to specific events or accounting irregularities during that quarter, which need to be further investigated for a more comprehensive analysis.
Overall, Frontdoor Inc.'s ROE has shown strong performance in recent quarters, indicating the company's ability to generate significant profits relative to shareholders' equity. However, the fluctuating nature of the ROE values suggests the need for closer monitoring and a deeper evaluation of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023