Fortinet Inc (FTNT)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,147,800 | 857,300 | 606,800 | 488,500 | 331,700 |
| Total stockholders’ equity | US$ in thousands | -463,400 | -281,600 | 781,700 | 856,000 | 1,342,400 |
| ROE | — | — | 77.63% | 57.07% | 24.71% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,147,800K ÷ $-463,400K
= —
Fortinet Inc's Return on Equity (ROE) has shown a positive trend over the years, increasing from 24.70% in 2019 to 77.63% in 2021. This significant improvement indicates the company's ability to generate higher returns on shareholder equity. The substantial ROE in 2021 suggests efficient utilization of equity capital to generate profits. However, it is important to note that no specific data is available for 2020 and 2022, making it difficult to assess the consistency of the ROE trend. Overall, the ROE trend indicates that Fortinet Inc has been increasingly effective in generating profits relative to shareholders' equity.
Peer comparison
Dec 31, 2023