Pitney Bowes Inc (PBI)
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 | -385,627 | -155,495 | -137,489 | 8,382 | 36,940 | 31,911 | 35,491 | 51,011 | -1,351 | 17,648 | 19,932 | -3,430 | -180,376 | -23,946 | -38,422 | -11,219 | 194,609 | 67,882 | 151,284 | 179,182 |
| Total stockholders’ equity | US$ in thousands | -368,576 | -125,109 | -75,487 | 59,964 | 60,653 | -8,276 | 44,154 | 92,882 | 112,632 | 48,663 | 53,370 | 19,163 | 70,621 | 79,125 | 44,580 | 29,430 | 289,154 | 25,412 | 52,972 | 86,450 |
| ROE | — | — | — | 13.98% | 60.90% | — | 80.38% | 54.92% | -1.20% | 36.27% | 37.35% | -17.90% | -255.41% | -30.26% | -86.19% | -38.12% | 67.30% | 267.13% | 285.59% | 207.27% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-385,627K ÷ $-368,576K
= —
The return on equity (ROE) for Pitney Bowes, Inc. has shown variability over the past two years. In Q1 2023, the ROE was reported at 13.98%, indicating a moderate level of profitability generated from the shareholders' equity. This represents a decline from previous quarters, notably from Q4 2022 when the ROE was much higher at 60.90%.
In Q2 2022, the ROE was considerable at 80.38%, reflecting a strong return on the equity invested by shareholders in the company. However, in Q1 2022 and Q3 2022, the ROE was lower at 54.92% and was not reported for Q4 2023 and Q2 2023.
The fluctuation in ROE may suggest changes in the company's financial performance and efficiency in generating profits relative to shareholders' equity. Further analysis of Pitney Bowes, Inc.'s operational and financial activities is necessary to understand the factors influencing these variations in ROE and to assess the company's overall profitability and efficacy in utilizing shareholders' equity.