IDEXX Laboratories Inc (IDXX)
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 | 845,042 | 822,728 | 791,435 | 699,178 | 679,089 | 669,653 | 663,950 | 734,553 | 744,845 | 756,864 | 727,848 | 674,206 | 581,776 | 497,482 | 460,100 | 436,866 | 427,720 | 422,862 | 407,276 | 390,261 |
| Total stockholders’ equity | US$ in thousands | 1,484,530 | 1,297,410 | 1,093,860 | 841,101 | 608,737 | 475,999 | 457,008 | 639,798 | 689,992 | 754,754 | 747,460 | 702,696 | 632,088 | 440,576 | 272,963 | 107,674 | 177,473 | 202,418 | 171,246 | 51,562 |
| ROE | 56.92% | 63.41% | 72.35% | 83.13% | 111.56% | 140.68% | 145.28% | 114.81% | 107.95% | 100.28% | 97.38% | 95.95% | 92.04% | 112.92% | 168.56% | 405.73% | 241.01% | 208.91% | 237.83% | 756.88% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $845,042K ÷ $1,484,530K
= 56.92%
Idexx Laboratories, Inc. has exhibited a fluctuating trend in its return on equity (ROE) over the past eight quarters. The ROE decreased significantly from 145.28% in Q2 2022 to 56.92% in Q4 2023. Despite this decline, the company's ROE remained relatively high compared to the industry average during most of the periods analyzed. It peaked at 140.68% in Q3 2022 and saw a gradual decline until Q4 2023.
The high ROE values indicate that Idexx Laboratories has been effective in generating profit from its shareholders' equity. However, the decreasing trend in recent quarters may suggest a decline in profitability efficiency or a potential change in the capital structure of the company. Further analysis of the company's financial performance and management strategies is recommended to better understand the factors influencing the fluctuation in ROE over time.
Peer comparison
Dec 31, 2023