Harmonic Inc (HLIT)
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 | 83,994 | 6,284 | 21,519 | 34,804 | 28,182 | 41,908 | 34,698 | 17,849 | 13,254 | 6,862 | -49 | -13,441 | -29,271 | -37,166 | -20,128 | -16,572 | -5,924 | -8,164 | -27,579 | -18,647 |
| Total stockholders’ equity | US$ in thousands | 436,874 | 340,800 | 342,801 | 335,786 | 324,506 | 300,621 | 296,836 | 284,653 | 295,913 | 273,681 | 267,324 | 259,770 | 258,302 | 234,457 | 230,282 | 236,322 | 252,446 | 241,050 | 212,066 | 220,561 |
| ROE | 19.23% | 1.84% | 6.28% | 10.36% | 8.68% | 13.94% | 11.69% | 6.27% | 4.48% | 2.51% | -0.02% | -5.17% | -11.33% | -15.85% | -8.74% | -7.01% | -2.35% | -3.39% | -13.00% | -8.45% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $83,994K ÷ $436,874K
= 19.23%
To analyze Harmonic, Inc.'s return on equity (ROE), we observe fluctuations in ROE over the past eight quarters. The trend indicates variability in the company's effectiveness in generating profits from shareholders' equity.
In Q4 2023, Harmonic, Inc. achieved an ROE of 19.23%, which is notably higher compared to the previous three quarters. This indicates a significant increase in profitability relative to the company's equity base. The substantial rise in ROE could result from improved operational efficiency, cost management, or revenue growth during this period.
Conversely, in Q3 2023, the ROE sharply declined to 1.84%, indicating a substantial decrease in profitability relative to equity. This considerable drop could be attributed to various factors such as declining revenues, increased expenses, or inefficiencies in asset utilization.
Looking at the broader trend, Harmonic, Inc. displayed fluctuating ROE levels throughout the quarters, with Q2 2022 and Q4 2022 recording relatively higher ROE figures compared to the other periods. Conversely, Q1 2023 and Q2 2023 showed lower ROE percentages, possibly indicating challenges or fluctuations in the company's financial performance during those quarters.
In conclusion, Harmonic, Inc.'s ROE has shown variability over the quarters, signaling fluctuations in the company's profitability relative to shareholder equity. It is essential for investors and stakeholders to closely monitor these trends to assess the company's financial health and performance sustainability.
Peer comparison
Dec 31, 2023