Intuitive Surgical Inc (ISRG)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,798,000	1,322,300	1,704,600	1,060,600	1,379,300
Total stockholders’ equity	US$ in thousands	13,307,600	11,041,900	11,901,100	9,731,500	8,263,800
ROE		13.51%	11.98%	14.32%	10.90%	16.69%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,798,000K ÷ $13,307,600K
= 13.51%

Intuitive Surgical Inc's return on equity (ROE) has exhibited fluctuations over the past five years. The ROE was 13.51% as of December 31, 2023, marking an increase compared to the previous year's 11.98%. This improvement suggests that the company generated more profit relative to its shareholders' equity in 2023.

In comparison to the ROE of 14.32% in 2021, the current ROE of 13.51% represents a slight decrease. However, it is worth noting that the ROE has generally been trending positively since 2020, where it stood at 10.90%.

The ROE of Intuitive Surgical Inc was highest in 2019 at 16.69%, indicating higher profitability relative to shareholder equity compared to the subsequent years. Despite the fluctuations in ROE, the company has maintained a relatively solid financial performance in terms of generating returns for shareholders.

Overall, the trend in Intuitive Surgical Inc's ROE reflects varying levels of profitability and efficiency in utilizing shareholders' equity over the past five years, with the company showing resilience and a generally positive trajectory.