Light & Wonder Inc (LNW)
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 | 163,000 | 126,000 | 379,000 | 3,671,000 | 3,675,000 | 3,740,000 | 3,594,000 | 412,000 | 371,000 | 186,000 | -113,000 | -425,000 | -569,000 | -522,000 | -391,000 | -265,000 | -130,000 | 120,000 | -246,000 | -175,000 |
| Total stockholders’ equity | US$ in thousands | 765,000 | 959,000 | 1,048,000 | 1,008,000 | 990,000 | 1,071,000 | 811,000 | -2,289,000 | -2,256,000 | -2,335,000 | -2,509,000 | -2,656,000 | -2,653,000 | -2,541,000 | -2,479,000 | -2,358,000 | -2,108,000 | -2,125,000 | -2,118,000 | -2,423,000 |
| ROE | 21.31% | 13.14% | 36.16% | 364.19% | 371.21% | 349.21% | 443.16% | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $163,000K ÷ $765,000K
= 21.31%
Light & Wonder Inc's return on equity (ROE) has shown significant fluctuations over the past quarters.
In Q4 2023, the ROE was 21.31%, indicating a moderate performance level. This was a decrease from the previous quarter's ROE of 13.14%. However, in Q2 2023, the ROE surged to 36.16%, demonstrating a stronger performance compared to the preceding quarters.
The most noteworthy observation is the exceptionally high ROE in Q1 2023, reaching a remarkable 364.19%. This exceptional performance was a considerable improvement from the ROE of 371.21% in Q4 2022.
Prior to that, in Q3 2022, the ROE was 349.21%, followed by a significant increase to 443.16% in Q2 2022, indicating a period of exceptional profitability.
While the ROE figures suggest strong financial performance on the surface, the abrupt fluctuations warrant a closer examination to understand the underlying factors driving these results. Additional analysis of the company's profitability, asset utilization, and financial leverage would provide a more comprehensive understanding of Light & Wonder Inc's financial performance and sustainability.
Peer comparison
Dec 31, 2023