Universal Display (OLED)
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 | 203,011 | 206,167 | 208,106 | 199,930 | 210,061 | 190,803 | 183,457 | 182,496 | 184,213 | 192,239 | 186,630 | 146,904 | 133,372 | 105,898 | 102,360 | 144,985 | 138,304 | 131,125 | 116,981 | 84,355 |
| Total stockholders’ equity | US$ in thousands | 1,447,230 | 1,382,370 | 1,338,770 | 1,299,460 | 1,275,370 | 1,211,820 | 1,165,310 | 1,131,300 | 1,099,910 | 1,036,320 | 991,616 | 952,468 | 912,714 | 879,636 | 839,770 | 846,697 | 811,449 | 786,567 | 751,033 | 716,201 |
| ROE | 14.03% | 14.91% | 15.54% | 15.39% | 16.47% | 15.75% | 15.74% | 16.13% | 16.75% | 18.55% | 18.82% | 15.42% | 14.61% | 12.04% | 12.19% | 17.12% | 17.04% | 16.67% | 15.58% | 11.78% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $203,011K ÷ $1,447,230K
= 14.03%
The return on equity (ROE) for Universal Display Corp. has shown stability and consistency over the past eight quarters, ranging from 13.96% to 16.38%. The trend indicates that the company has been able to generate a steady level of profits relative to its shareholders' equity during this period. Although there have been minor fluctuations in ROE, it has remained above 13%, demonstrating the company's ability to effectively utilize its equity to generate profits. Overall, Universal Display Corp. appears to have a healthy ROE performance, reflecting efficient management of its assets and capital structure.
Peer comparison
Dec 31, 2023