IQVIA Holdings Inc (IQV)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,358,000 | 1,091,000 | 966,000 | 279,000 | 191,000 |
| Total stockholders’ equity | US$ in thousands | 6,112,000 | 5,765,000 | 6,042,000 | 6,001,000 | 6,003,000 |
| ROE | 22.22% | 18.92% | 15.99% | 4.65% | 3.18% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,358,000K ÷ $6,112,000K
= 22.22%
IQVIA Holdings Inc's return on equity (ROE) has been showing a positive trend over the past five years. The ROE increased from 3.18% in 2019 to 22.22% in 2023, indicating a significant improvement in the company's ability to generate profit from its shareholders' equity.
The consistent growth in ROE suggests that the company is effectively utilizing its equity capital to generate returns for its shareholders. This reflects positively on the management's efficiency and the company's overall financial performance.
The upward trajectory of ROE highlights IQVIA Holdings Inc's improving profitability and efficiency in utilizing its equity base to generate profits. This trend is a favorable indicator of the company's performance and financial health over the past five years.
Peer comparison
Dec 31, 2023