Illumina Inc (ILMN)

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	-1,222,000	-1,585,000	-3,044,000	-1,290,000	-1,161,000	-1,124,000	-4,186,000	-4,487,000	-4,404,000	-4,152,000	-19,000	701,000	762,000	906,000	768,000	630,000	656,000	638,000	693,000	942,000
Total stockholders’ equity	US$ in thousands	2,373,000	2,125,000	1,436,000	5,734,000	5,745,000	5,898,000	6,555,000	6,693,000	6,599,000	6,731,000	10,444,000	10,895,000	10,740,000	10,593,000	5,180,000	4,922,000	4,694,000	4,700,000	4,563,000	4,635,000
ROE		-51.50%	-74.59%	-211.98%	-22.50%	-20.21%	-19.06%	-63.86%	-67.04%	-66.74%	-61.68%	-0.18%	6.43%	7.09%	8.55%	14.83%	12.80%	13.98%	13.57%	15.19%	20.32%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,222,000K ÷ $2,373,000K
= -51.50%

The return on equity (ROE) of Illumina Inc has shown a declining trend from March 2020 to December 2024. Starting at a positive 20.32% in March 2020, the ROE decreased gradually, reaching negative values in June 2022 and continuing to decline thereafter.

The ROE turned negative in June 2022 and experienced significant fluctuations, indicating challenges in generating profits relative to shareholders' equity during that period. The negative ROE values suggest that Illumina Inc may have faced difficulties in utilizing shareholders' equity efficiently to generate profits or may have incurred significant losses impacting shareholder returns.

Overall, the decreasing trend and negative values of ROE over the reviewed period indicate a decline in the company's profitability and efficiency in generating returns for its shareholders based on the equity invested.