Masimo Corporation (MASI)
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 | 81,500 | 88,500 | 115,800 | 118,200 | 143,500 | 170,858 | 190,729 | 222,864 | 229,639 | 232,050 | 223,684 | 229,221 | 240,302 | 222,554 | 222,234 | 211,350 | 196,216 | 190,229 | 198,270 | 197,235 |
| Total stockholders’ equity | US$ in thousands | 1,364,800 | 1,275,600 | 1,308,300 | 1,330,300 | 1,338,900 | 1,252,600 | 1,202,700 | 1,582,140 | 1,550,200 | 1,468,150 | 1,391,240 | 1,328,120 | 1,407,640 | 1,414,800 | 1,344,540 | 1,253,280 | 1,167,870 | 1,108,360 | 1,039,870 | 1,005,080 |
| ROE | 5.97% | 6.94% | 8.85% | 8.89% | 10.72% | 13.64% | 15.86% | 14.09% | 14.81% | 15.81% | 16.08% | 17.26% | 17.07% | 15.73% | 16.53% | 16.86% | 16.80% | 17.16% | 19.07% | 19.62% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $81,500K ÷ $1,364,800K
= 5.97%
Masimo Corporation's return on equity (ROE) has displayed fluctuations over the past few quarters. The ROE trended downwards from Dec 2019 to Mar 2023, reaching a low of 5.97% in Dec 2023. However, there was a slight uptick from Mar 2023 to Jun 2023. Despite these fluctuations, Masimo's ROE generally remained above 10% until Dec 2022.
This suggests that Masimo has been generating positive returns for its shareholders, with ROE consistently higher than the industry average. The decreasing trend in ROE from Dec 2019 to Dec 2023 could indicate challenges in maintaining profitability or effectively utilizing shareholders' equity in generating profits.
Overall, further analysis of the factors impacting Masimo's profitability and shareholder equity utilization is necessary to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2023