Leidos Holdings Inc (LDOS)
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 | 199,000 | 147,000 | 708,000 | 672,000 | 685,000 | 682,000 | 725,000 | 723,000 | 753,000 | 776,000 | 734,000 | 718,000 | 628,000 | 612,000 | 610,000 | 593,000 | 667,000 | 674,000 | 660,000 | 668,000 |
| Total stockholders’ equity | US$ in thousands | 4,201,000 | 4,146,000 | 4,597,000 | 4,409,000 | 4,299,000 | 4,086,000 | 4,004,000 | 3,955,000 | 4,291,000 | 4,115,000 | 4,099,000 | 3,933,000 | 3,862,000 | 3,706,000 | 3,538,000 | 3,355,000 | 3,413,000 | 3,246,000 | 3,359,000 | 3,294,000 |
| ROE | 4.74% | 3.55% | 15.40% | 15.24% | 15.93% | 16.69% | 18.11% | 18.28% | 17.55% | 18.86% | 17.91% | 18.26% | 16.26% | 16.51% | 17.24% | 17.68% | 19.54% | 20.76% | 19.65% | 20.28% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $199,000K ÷ $4,201,000K
= 4.74%
Based on the provided data, the return on equity (ROE) of Leidos Holdings Inc has shown some fluctuations over the past few years. The ROE has ranged between 3.55% and 20.76% during the period from March 31, 2019, to December 31, 2023.
In general, the ROE has been relatively stable, with some variability quarter by quarter. The ROE was highest at 20.76% in the third quarter of 2019 and lowest at 3.55% in the second quarter of 2023.
Overall, Leidos Holdings Inc has managed to maintain ROE at levels above 15% for most of the periods, indicating the company's ability to generate profits from shareholders' equity. However, the recent dip in ROE to 3.55% in the second quarter of 2023 may raise some concerns about the company's profitability and efficiency in generating returns for shareholders.
Further analysis and investigation into the factors behind this fluctuation in ROE would be necessary to understand the drivers of these changes and assess the company's financial health and performance.
Peer comparison
Dec 31, 2023