Godaddy Inc (GDDY)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,374,800	352,200	242,300	-495,100	137,000
Total stockholders’ equity	US$ in thousands	62,200	-331,800	81,700	-12,900	772,000
ROE		2,210.29%	—	296.57%	—	17.75%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,374,800K ÷ $62,200K
= 2,210.29%

The return on equity (ROE) for Godaddy Inc has exhibited significant fluctuations over the past five years. In 2019, the ROE was relatively modest at 17.75%. However, there was no data available for 2020. Subsequently, the ROE surged to an impressive 296.57% in 2021, indicating a substantial improvement in profitability and efficiency. This upward trend continued as the ROE skyrocketed to a remarkable 2,210.29% in 2023, reflecting a substantial increase in the company's ability to generate profits from shareholders' equity. While the absence of data for 2022 limits a comprehensive analysis, the significant fluctuations in ROE over the period suggest varying levels of profitability and efficiency in utilizing shareholders' equity within the company. Further analysis is recommended to understand the underlying factors driving these fluctuations and to assess the sustainability of this exceptional performance.