Moderna Inc (MRNA)

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 -4,714,000 -3,466,000 1,207,000 4,784,000 8,362,000 11,765,000 14,055,000 14,638,000 12,202,000 7,061,000 3,495,000 598,000 -747,000 -597,269 -487,484 -505,424 -514,000 -532,123
Total stockholders’ equity US$ in thousands 13,854,000 13,455,000 16,949,000 18,863,000 19,123,000 17,992,000 17,985,000 17,075,000 14,145,000 10,124,000 6,704,000 3,838,000 2,561,000 2,760,000 2,947,000 1,641,000 1,175,000 1,248,190 1,334,960 1,442,320
ROE -34.03% -25.76% 7.12% 25.36% 43.73% 65.39% 78.15% 85.73% 86.26% 69.75% 52.13% 15.58% -29.17% -21.64% -16.54% -30.80% -43.74% -42.63%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-4,714,000K ÷ $13,854,000K
= -34.03%

Moderna Inc's return on equity (ROE) has displayed significant fluctuations over the past eight quarters. In Q1 2022, the company reported a robust ROE of 85.73%, indicating efficient utilization of shareholder equity to generate profits. This was followed by a consistent decline in ROE in subsequent quarters, dropping to 78.15% in Q2 2022 and further to 65.39% in Q3 2022.

However, a notable turnaround was observed in Q4 2022, as Moderna Inc's ROE surged to 43.73%, showcasing an improvement in profitability and efficiency. This positive momentum was short-lived, with a sharp decline in ROE to 25.36% in Q1 2023.

The trend reversed drastically in the most recent quarters, with Moderna Inc reporting negative ROE figures. In Q2 2023, the company achieved an ROE of 7.12%, only to witness a significant decline to -25.76% in Q3 2023 and a further decrease to -34.03% in Q4 2023.

Overall, Moderna Inc's ROE trend reflects a volatile performance in terms of generating profits from shareholder equity. The company experienced periods of strong profitability followed by declines and negative returns, indicating fluctuations in operational efficiency and profitability levels. Further analysis and monitoring of the factors impacting ROE will be crucial for investors and stakeholders to assess Moderna Inc's financial health and performance in the future.


Peer comparison

Dec 31, 2023


See also:

Moderna Inc Return on Equity (ROE) (Quarterly Data)