Motorola Solutions Inc (MSI)

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	1,709,000	1,702,000	1,517,000	1,374,000	1,363,000	1,175,000	1,203,000	1,268,000	1,245,000	1,256,000	1,154,000	996,000	949,000	781,000	843,000	915,000	869,000	1,048,000	1,028,000	1,001,000
Total stockholders’ equity	US$ in thousands	724,000	362,000	337,000	234,000	116,000	-408,000	-443,000	-316,000	-40,000	-263,000	-358,000	-496,000	-558,000	-756,000	-830,000	-948,000	-700,000	-1,101,000	-970,000	-1,108,000
ROE		236.05%	470.17%	450.15%	587.18%	1,175.00%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,709,000K ÷ $724,000K
= 236.05%

Motorola Solutions Inc's return on equity (ROE) has shown significant fluctuations over the quarters. In Q4 2023, the ROE stood at 236.05%, indicating a strong performance in generating earnings relative to shareholders' equity. This was a decrease from the previous quarter's ROE of 470.17% in Q3 2023. However, the ROE in Q4 2023 still remained at a relatively high level.

Looking further back, the ROE in Q2 2023 was 450.15%, showing a slight decrease compared to Q3 2023. In Q1 2023, the ROE spiked to 587.18%, reflecting a sharp improvement in profitability and efficiency in that quarter.

Comparing these figures to the prior year, the ROE in Q4 2022 was particularly notable at 1,175.00%, indicating exceptional performance in generating returns for shareholders. Unfortunately, data for previous quarters in 2022 is not available for comparison.

Overall, the ROE trend for Motorola Solutions Inc demonstrates some volatility, with fluctuations in performance over the quarters. However, the generally high ROE figures suggest that the company has been effectively utilizing its equity to generate profits for shareholders, albeit with some variability in performance.