IAC Inc. (IAC)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -106,802 | 265,942 | -63,227 | 263,488 | -516,597 | -1,170,170 | -1,155,779 | -1,031,266 | 32,621 | 597,547 | 1,093,700 | 1,217,927 | 927,053 | 269,726 |
| Total stockholders’ equity | US$ in thousands | 6,132,740 | 6,077,860 | 5,740,780 | 6,116,710 | 6,267,300 | 5,931,610 | 5,903,820 | 5,990,230 | 6,919,460 | 7,175,230 | 7,209,180 | 7,178,850 | 6,688,140 | 6,597,580 |
| ROE | -1.74% | 4.38% | -1.10% | 4.31% | -8.24% | -19.73% | -19.58% | -17.22% | 0.47% | 8.33% | 15.17% | 16.97% | 13.86% | 4.09% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-106,802K ÷ $6,132,740K
= -1.74%
The return on equity (ROE) of IAC Inc. has exhibited fluctuations over the past several quarters, indicating varying levels of profitability and efficiency in utilizing shareholder equity.
- In the most recent quarter, as of March 31, 2024, the ROE stood at -1.74%, representing a negative return on equity. This suggests that the company's net income generated was insufficient to provide a positive return to its shareholders' equity.
- The ROE for the prior quarter, ending December 31, 2023, showed an improvement to 4.38%, indicating a moderate return on equity compared to the previous quarter.
- Looking back over the past year, there have been quarters with both negative and positive ROE figures. Notably, in the quarter ending September 30, 2021, the ROE was particularly strong at 15.17%, followed by an even higher ROE of 16.97% in the subsequent quarter ending December 31, 2021.
- However, the ROE figures for some quarters, such as those ending in June and September 2022, were notably negative, indicating challenges in generating profits relative to the level of shareholders' equity.
Overall, the trend in ROE for IAC Inc. demonstrates variability in the company's ability to generate returns for its shareholders, with periods of both positive and negative performance. Further analysis of the company's financial health and operational efficiency may be needed to understand the underlying factors driving these fluctuations in ROE.
Peer comparison
Mar 31, 2024