Alphabet Inc Class C (GOOG)

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	73,795,000	66,732,000	60,953,000	58,587,000	59,972,000	66,990,000	72,016,000	74,539,000	76,033,000	70,618,000	62,929,000	51,363,000	40,269,000	35,713,000	31,534,000	34,522,000	34,343,000	32,620,000	34,744,000	27,992,000
Total stockholders’ equity	US$ in thousands	283,379,000	273,202,000	267,141,000	260,894,000	256,144,000	253,626,000	255,419,000	254,004,000	251,635,000	244,567,000	237,565,000	230,013,000	222,544,000	212,920,000	207,322,000	203,659,000	201,442,000	194,969,000	192,192,000	183,472,000
ROE		26.04%	24.43%	22.82%	22.46%	23.41%	26.41%	28.20%	29.35%	30.22%	28.87%	26.49%	22.33%	18.09%	16.77%	15.21%	16.95%	17.05%	16.73%	18.08%	15.26%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $73,795,000K ÷ $283,379,000K
= 26.04%

The return on equity (ROE) of Alphabet Inc has shown a fluctuating trend over the past eight quarters. In Q1 2022, the ROE was at its highest at 29.35%, followed by a gradual decline to 22.46% in Q1 2023. From Q1 2023 to Q4 2023, there was a slight increase in ROE to 26.04%.

Overall, the company's ROE has remained relatively healthy, fluctuating between 22.46% and 29.35% over the period analyzed. This indicates that Alphabet Inc has been effectively utilizing shareholder equity to generate profits. However, it is important to continue monitoring the trend to ensure sustained profitability and efficiency in capital allocation.