ON Semiconductor Corporation (ON)

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	2,183,700	2,225,300	1,954,500	1,833,700	1,902,200	1,723,800	1,721,600	1,449,900	1,009,600	672,700	523,600	338,100	234,200	201,700	-19,600	83,600	211,700	320,800	548,400	601,900
Total stockholders’ equity	US$ in thousands	7,782,600	7,484,300	6,984,100	6,448,000	6,188,500	5,656,000	5,389,500	4,998,200	4,585,400	4,123,700	3,784,400	3,629,600	3,538,500	3,423,400	3,236,100	3,214,900	3,301,700	3,215,300	3,274,300	3,198,200
ROE		28.06%	29.73%	27.98%	28.44%	30.74%	30.48%	31.94%	29.01%	22.02%	16.31%	13.84%	9.32%	6.62%	5.89%	-0.61%	2.60%	6.41%	9.98%	16.75%	18.82%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,183,700K ÷ $7,782,600K
= 28.06%

The return on equity (ROE) of ON Semiconductor Corp. has been relatively stable over the past eight quarters, ranging between 27.98% and 31.94%. The company's ROE peaked at 31.94% in Q2 2022 and has since exhibited a downward trend, reaching its lowest point at 27.98% in Q2 2023. Despite the variations, ON Semiconductor Corp.'s ROE remains healthy, indicating that the company has been effectively utilizing its shareholders' equity to generate profits. It is important for investors to monitor future trends in ROE to ensure sustainable growth and profitability.