Penumbra Inc (PEN)

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	90,954	40,613	29,128	6,481	-2,002	-30,512	-19,391	-6,473	5,284	33,565	15,900	-5,291	-15,702	-9,661	10,637	39,185	48,458	45,428	15,015	11,808
Total stockholders’ equity	US$ in thousands	1,178,940	1,104,140	1,066,540	1,024,470	998,858	973,752	970,015	959,302	953,927	690,939	673,376	655,091	641,498	622,406	624,794	488,933	485,892	467,332	454,091	436,732
ROE		7.71%	3.68%	2.73%	0.63%	-0.20%	-3.13%	-2.00%	-0.67%	0.55%	4.86%	2.36%	-0.81%	-2.45%	-1.55%	1.70%	8.01%	9.97%	9.72%	3.31%	2.70%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $90,954K ÷ $1,178,940K
= 7.71%

Penumbra Inc's return on equity (ROE) has shown improvement over the past eight quarters, with a positive trend from negative ROE figures in Q4 2022 to positive values in Q4 2023. The Q4 2023 ROE of 7.71% indicates that the company generated a profit of $0.0771 for every dollar of shareholders' equity during the quarter. This improvement in ROE suggests that the company has become more efficient in utilizing shareholder funds to generate profits, which could be attributed to better financial management, operational efficiency, or strategic decisions. The steady increase in ROE over the past quarters is a positive sign for Penumbra Inc's profitability and could indicate a strengthening financial performance. However, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's financial health and performance.