OSI Systems Inc (OSIS)

Return on equity (ROE)

		Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	128,154	125,856	113,621	93,422	91,778	83,160	104,087	107,530	115,347	107,478	83,516	83,757	74,049	62,120	62,905	63,853	75,252	77,948	78,016	76,137
Total stockholders’ equity	US$ in thousands	863,483	813,413	770,443	724,457	726,165	666,917	647,754	624,653	638,424	618,494	620,148	623,312	639,820	615,893	587,636	557,540	572,152	552,276	557,716	541,564
ROE		14.84%	15.47%	14.75%	12.90%	12.64%	12.47%	16.07%	17.21%	18.07%	17.38%	13.47%	13.44%	11.57%	10.09%	10.70%	11.45%	13.15%	14.11%	13.99%	14.06%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $128,154K ÷ $863,483K
= 14.84%

The return on equity (ROE) of OSI Systems Inc has shown some variability over the past few quarters. The ROE ranged from a low of 10.09% in March 2021 to a high of 18.07% in June 2022. Overall, the ROE has generally been above 10% and has shown a positive trend in recent quarters.

The company's ROE peaked at 18.07% in September 2022, indicating that the company was effectively generating net income from its shareholders' equity during that period. However, the ROE has since decreased to 14.84% as of June 2024, although it remains relatively healthy.

It is important to note that ROE can be influenced by various factors, including the company's profitability, leverage, and efficiency in utilizing shareholders' equity. The fluctuations in ROE suggest that the company's performance in generating profits relative to shareholders' equity has been somewhat volatile but has generally been positive.

Overall, while the company has experienced fluctuations in its ROE, the trend indicates solid performance in generating returns on equity for shareholders over the periods analyzed.