Liquidity Services Inc (LQDT)

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	18,919	20,979	23,044	32,965	40,690	40,325	64,736	56,747	50,037	50,949	23,731	15,525	6,027	-3,683	-14,384	-19,246	-19,370	-19,196	-20,580	-19,636
Total stockholders’ equity	US$ in thousands	165,379	161,533	155,809	151,074	154,953	154,536	144,669	132,989	137,079	135,015	116,561	106,938	115,063	111,815	110,238	108,112	112,437	116,175	121,113	124,465
ROE		11.44%	12.99%	14.79%	21.82%	26.26%	26.09%	44.75%	42.67%	36.50%	37.74%	20.36%	14.52%	5.24%	-3.29%	-13.05%	-17.80%	-17.23%	-16.52%	-16.99%	-15.78%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $18,919K ÷ $165,379K
= 11.44%

Liquidity Services Inc's return on equity (ROE) has exhibited fluctuations over the past eight quarters. ROE decreased from 26.26% in Q1 2023 to 11.44% in Q1 2024, indicating a decline in the company's ability to generate profits from shareholders' equity. The highest ROE was recorded in Q2 2022 at 44.75%, followed closely by Q3 2022 at 42.67%, showcasing robust profitability during that period. Overall, the trend suggests some variability in the company's profitability performance, with periods of higher and lower returns on equity. It would be beneficial for stakeholders to further investigate the factors influencing these fluctuations to make informed decisions.