N-Able Inc (NABL)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net income	US$ in thousands	23,412	16,707	113
Total stockholders’ equity	US$ in thousands	711,360	642,071	618,355
ROE		3.29%	2.60%	0.02%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $23,412K ÷ $711,360K
= 3.29%

The return on equity (ROE) for N-Able Inc has shown a positive trend over the past three years. In 2021, the ROE was only 0.02%, indicating minimal profitability generated from shareholders' equity. However, there was a significant improvement in 2022, with the ROE increasing to 2.60%. The most recent ROE for 2023 further increased to 3.29%, reflecting continued growth in the company's ability to generate profits from the shareholders' equity investments. This upward trend in ROE signifies an enhancement in the company's efficiency in utilizing equity to generate earnings and create value for shareholders. Overall, the ROE figures suggest that N-Able Inc has been progressively improving its profitability and efficiency over the years.