Kulicke and Soffa Industries Inc (KLIC)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -69,006 | 57,148 | 433,545 | 367,161 | 52,300 |
| Total stockholders’ equity | US$ in thousands | 944,009 | 1,174,560 | 1,194,650 | 1,095,240 | 757,994 |
| ROE | -7.31% | 4.87% | 36.29% | 33.52% | 6.90% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-69,006K ÷ $944,009K
= -7.31%
Kulicke and Soffa Industries Inc's return on equity (ROE) has shown varying trends over the past five years. In 2020, the ROE was 6.90%, indicating a moderate level of profitability relative to shareholders' equity. This was followed by a significant increase in 2021, with the ROE reaching 33.52%, reflecting a strong performance and efficient utilization of equity.
However, the ROE dropped to 36.29% in 2022, which could still be considered a healthy return. In 2023, the ROE decreased further to 4.87%, signaling a significant decline in profitability. The latest data for September 30, 2024, shows a negative ROE of -7.31%, indicating a loss and a further reduction in shareholder value.
Overall, the trend in ROE for Kulicke and Soffa Industries Inc has been fluctuating, with periods of strong profitability followed by declines and a recent negative return. It is essential for the company to assess the factors contributing to these fluctuations and implement strategies to improve profitability and enhance shareholder value in the future.
Peer comparison
Sep 30, 2024