Integer Holdings Corp (ITGR)
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 | 90,650 | 82,410 | 71,210 | 68,075 | 66,377 | 72,049 | 78,058 | 86,655 | 96,808 | 88,446 | 96,722 | 67,678 | 77,258 | 72,875 | 73,119 | 105,787 | 96,356 | 104,508 | 65,619 | 55,618 |
| Total stockholders’ equity | US$ in thousands | 1,519,040 | 1,463,350 | 1,445,660 | 1,417,940 | 1,417,460 | 1,355,060 | 1,363,450 | 1,364,350 | 1,354,700 | 1,332,250 | 1,314,570 | 1,277,720 | 1,271,060 | 1,233,000 | 1,181,400 | 1,164,200 | 1,152,490 | 1,128,580 | 1,111,700 | 1,075,970 |
| ROE | 5.97% | 5.63% | 4.93% | 4.80% | 4.68% | 5.32% | 5.73% | 6.35% | 7.15% | 6.64% | 7.36% | 5.30% | 6.08% | 5.91% | 6.19% | 9.09% | 8.36% | 9.26% | 5.90% | 5.17% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $90,650K ÷ $1,519,040K
= 5.97%
To analyze Integer Holdings Corp's return on equity (ROE) based on the provided data, we observe fluctuations in ROE over multiple quarters. The ROE for the company ranged from 4.80% to 6.35% during the respective quarters. It is important to note that ROE measures a company's profitability by revealing how much profit a company generates with the money shareholders have invested.
Integer Holdings Corp's ROE has shown variability, typically hovering around the 5-6% range, with a peak of 6.35% in Q1 2022 and a low of 4.80% in Q1 2023. The declining trend from Q1 2022 to Q1 2023 indicates a decrease in profitability relative to shareholders' equity over this period. This reduction could stem from various factors such as declining profit margins, increased expenses, or changes in leverage.
Further analysis should delve into the reasons behind the fluctuating ROE to assess the company's operational efficiency, financial leverage, and ability to generate sustainable profits. It would be beneficial to compare Integer Holdings Corp's ROE with industry benchmarks and competitors to gain a more comprehensive understanding of its performance and competitiveness in the market.
Peer comparison
Dec 31, 2023