Lumen Technologies Inc (LUMN)

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	-10,298,000	-11,372,000	-10,716,000	-1,636,000	-1,548,000	2,029,000	1,995,000	2,157,000	2,033,000	-764,000	-942,000	-1,071,000	-1,232,000	1,280,000	1,216,000	1,210,000	-5,269,000	-7,904,000	-7,934,000	-8,013,000
Total stockholders’ equity	US$ in thousands	417,000	2,219,000	2,284,000	10,995,000	10,374,000	12,577,000	12,219,000	12,282,000	11,840,000	11,183,000	11,706,000	11,303,000	11,162,000	13,689,000	13,462,000	13,291,000	13,470,000	13,674,000	13,673,000	13,524,000
ROE		-2,469.54%	-512.48%	-469.18%	-14.88%	-14.92%	16.13%	16.33%	17.56%	17.17%	-6.83%	-8.05%	-9.48%	-11.04%	9.35%	9.03%	9.10%	-39.12%	-57.80%	-58.03%	-59.25%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-10,298,000K ÷ $417,000K
= -2,469.54%

Based on the data provided, the return on equity (ROE) of Lumen Technologies Inc has shown significant fluctuations over the referenced quarters. The ROE has been negative for the last four quarters, with particularly sharp declines in Q4 2023 and Q3 2023, exhibiting -2,469.54% and -512.48% respectively. These negative ROE figures indicate that the company's net income is insufficient to cover its equity. This may suggest operational inefficiencies or significant financial challenges within the company.

The positive ROE figures recorded in the earlier quarters of Q3 2022, Q2 2022, and Q1 2022 indicate that during that period, the company was generating returns on its equity investment. However, the ROE percentage declined gradually from 17.56% in Q1 2022 to -14.83% in Q4 2022.

Overall, the trend in Lumen Technologies Inc's ROE suggests inconsistent performance in generating profits relative to shareholders' equity. The negative ROE values raise concerns regarding the company's profitability and financial health, highlighting the need for further investigation into the factors driving these fluctuations and any potential underlying issues affecting the company's financial performance.