Hologic Inc (HOLX)
Return on equity (ROE)
| Sep 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 789,500 | 466,500 | 515,100 | 456,000 | 484,100 | 753,000 | 990,200 | 1,302,000 | 1,512,100 | 1,551,800 | 1,715,500 | 1,869,700 | 2,034,400 | 1,902,700 | 1,378,100 | 1,110,500 | 493,500 | 451,000 | 83,600 | -203,600 |
| Total stockholders’ equity | US$ in thousands | 5,130,000 | 4,844,400 | 4,653,800 | 5,016,900 | 5,182,000 | 5,300,800 | 5,092,500 | 4,876,200 | 4,997,900 | 4,792,700 | 4,519,100 | 4,218,600 | 3,877,100 | 3,794,400 | 3,267,900 | 2,705,200 | 2,255,100 | 2,086,100 | 2,250,800 | 2,115,700 |
| ROE | 15.39% | 9.63% | 11.07% | 9.09% | 9.34% | 14.21% | 19.44% | 26.70% | 30.25% | 32.38% | 37.96% | 44.32% | 52.47% | 50.14% | 42.17% | 41.05% | 21.88% | 21.62% | 3.71% | -9.62% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $789,500K ÷ $5,130,000K
= 15.39%
Hologic Inc's return on equity (ROE) has fluctuated over the past few years. The ROE has generally been positive, indicating the company's ability to generate profit from shareholders' equity.
The ROE reached a peak of 52.47% in March 2021, reflecting strong profitability relative to equity. Subsequently, the ROE decreased but remained relatively high in the following quarters. However, the ROE declined significantly and even turned negative at -9.62% in September 2019.
Overall, Hologic Inc's ROE has shown variability, likely influenced by factors such as changes in profitability, equity structure, and financial management strategies. The company's ability to sustain healthy ROE levels over time will be crucial for demonstrating effective utilization of shareholder funds and creating long-term value.
Peer comparison
Sep 30, 2024