Manhattan Associates Inc (MANH)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	218,364	219,084	204,724	191,578	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
Total stockholders’ equity	US$ in thousands	299,126	277,951	240,629	239,607	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
ROE		73.00%	78.82%	85.08%	79.96%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $218,364K ÷ $299,126K
= 73.00%

Manhattan Associates Inc's return on equity (ROE) has exhibited fluctuations over the past few years. The ROE stood at 69.37% as of March 31, 2020, which was a robust level indicating efficient utilization of shareholders' equity to generate profits. Subsequently, there was a gradual decline in ROE to 39.85% by December 31, 2020, which might suggest a decrease in profitability relative to the equity invested.

However, the ROE started to recover and showed an upward trend reaching 85.58% by June 30, 2023, indicating improved efficiency in generating returns for shareholders. There was a slight decrease to 73.00% by December 31, 2024, but the ROE remained relatively high compared to the earlier periods.

Overall, Manhattan Associates Inc's ROE has shown variability but generally remained at healthy levels, reflecting the company's ability to generate profits from shareholders' equity. This trend suggests that the company has been effectively leveraging its equity to generate returns for investors.