Harmonic Inc (HLIT)
Return on equity (ROE)
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 39,217 | 84,938 | 56,725 | 70,812 | 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 |
Total stockholders’ equity | US$ in thousands | 465,258 | 428,937 | 392,808 | 409,154 | 436,874 | 340,800 | 342,801 | 335,786 | 324,506 | 300,621 | 296,836 | 284,653 | 296,796 | 274,796 | 267,324 | 261,334 | 258,302 | 234,538 | 230,282 | 238,099 |
ROE | 8.43% | 19.80% | 14.44% | 17.31% | 19.23% | 1.84% | 6.28% | 10.36% | 8.68% | 13.94% | 11.69% | 6.27% | 4.47% | 2.50% | -0.02% | -5.14% | -11.33% | -15.85% | -8.74% | -6.96% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $39,217K ÷ $465,258K
= 8.43%
Harmonic Inc's return on equity (ROE) has experienced significant fluctuations over the past few years. The company had negative ROE values in the range of -6.96% to -15.85% from March 2020 to September 2020, indicating challenges in generating profits relative to shareholder equity during that period.
Subsequently, the ROE improved gradually, turning positive in September 2021 at 2.50%, and continued to increase in the following quarters. By December 2023, the ROE reached a peak of 19.23%, demonstrating the company's ability to generate substantial returns for its shareholders.
However, there was a slight decline in ROE from March 2024 to June 2024, dropping from 17.31% to 14.44%. The ROE then rebounded in September 2024 to 19.80% before decreasing to 8.43% by December 2024.
Overall, Harmonic Inc's ROE has shown volatility but has generally trended upwards, reflecting improvements in the company's profitability and efficiency in generating returns from shareholder equity. The management may need to closely monitor and assess the factors influencing ROE to sustain and enhance the company's performance in the future.
Peer comparison
Dec 31, 2024