Manhattan Associates Inc (MANH)

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	176,568	165,700	145,953	137,158	128,959	111,673	118,653	118,421	110,472	110,430	98,742	87,353	87,240	83,458	85,599	87,320	85,762	94,919	96,267	103,010
Total stockholders’ equity	US$ in thousands	278,278	210,105	170,550	181,072	226,800	198,134	208,735	217,136	250,644	238,627	212,450	204,660	218,897	187,977	152,778	125,869	142,278	151,650	154,687	145,400
ROE		63.45%	78.87%	85.58%	75.75%	56.86%	56.36%	56.84%	54.54%	44.08%	46.28%	46.48%	42.68%	39.85%	44.40%	56.03%	69.37%	60.28%	62.59%	62.23%	70.85%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $176,568K ÷ $278,278K
= 63.45%

Manhattan Associates, Inc.'s return on equity (ROE) has shown a fluctuating trend over the past eight quarters. In Q2 and Q3 of 2023, the ROE reached its peak at 85.58% and 78.87% respectively, indicating that the company efficiently generated a high return for its shareholders relative to its equity. This improvement in ROE from the previous quarters reflects positively on the company's ability to utilize its equity effectively to generate profits.

While the ROE saw a slight decline in Q4 2023 to 63.45%, it still remained relatively high compared to the earlier quarters. Throughout 2022, the ROE ranged from 54.54% to 56.86%, showing consistency but at a lower level compared to the recent quarters in 2023.

Overall, Manhattan Associates, Inc. has demonstrated a strong performance in terms of ROE, with a notable increase in the most recent quarters. This indicates the company's capacity to generate profits from shareholders' equity, which is a positive sign for investors and stakeholders. Further analysis of the company's financial statements and business operations may provide insights into the factors driving these fluctuations in ROE and help in forecasting the company's future performance.