Alphabet Inc Class A (GOOGL)
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%
Based on the provided return on equity (ROE) data for Alphabet Inc, there has been a fluctuation in ROE over the past eight quarters. ROE measures the profitability of a company by evaluating how effectively it is generating profits from shareholders' equity.
The ROE for Dec 31, 2023, stood at 26.04%, showing a slight increase from the previous quarter's 24.43%. This indicates that Alphabet Inc was able to generate more profit from the shareholders' equity. However, the trend suggests a slight decline in ROE from the earlier peak of 29.35% in Mar 31, 2022.
The variations in ROE could be influenced by changes in net income, shareholder equity, or financial leverage. It is essential to analyze the company's financial performance and strategies to understand the factors driving the changes in ROE.
Overall, while the recent ROE figures indicate strong profitability relative to shareholder equity, the declining trend may warrant a closer examination of the company's operational and financial efficiency.
Peer comparison
Dec 31, 2023