Intuitive Surgical Inc (ISRG)

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	1,798,000	1,516,700	1,425,000	1,312,000	1,322,300	1,378,000	1,434,500	1,643,900	1,704,600	1,689,200	1,622,600	1,173,400	1,060,600	1,053,100	1,136,000	1,386,300	1,379,300	1,314,100	1,209,800	1,146,800
Total stockholders’ equity	US$ in thousands	13,307,600	12,539,000	11,879,100	11,217,700	11,041,900	11,515,400	12,023,000	12,102,300	11,901,100	11,410,900	10,837,500	10,153,500	9,731,500	9,257,800	8,740,500	8,506,700	8,263,800	7,761,400	7,265,300	7,024,200
ROE		13.51%	12.10%	12.00%	11.70%	11.98%	11.97%	11.93%	13.58%	14.32%	14.80%	14.97%	11.56%	10.90%	11.38%	13.00%	16.30%	16.69%	16.93%	16.65%	16.33%

December 31, 2023 calculation

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

Intuitive Surgical Inc's Return on Equity (ROE) has shown a stable trend over the past eight quarters, ranging from 11.70% to 13.58%. The company's ROE peaked in Q1 2022 at 13.58% and has fluctuated slightly around this level since then. This indicates that the company is effectively utilizing its shareholders' equity to generate profits. The consistency in ROE suggests that Intuitive Surgical Inc has been able to maintain a healthy balance between profitability and equity management. However, it would be beneficial to compare the company's ROE with industry benchmarks to gain further insights into its performance relative to peers.