Penumbra Inc (PEN)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 14,012 | 34,547 | 14,234 | 93,394 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,150,930 | 1,104,280 | 1,161,230 | 1,203,530 | 1,178,940 | 1,104,140 | 1,066,540 | 1,024,470 | 998,858 | 973,752 | 970,015 | 959,302 | 953,927 | 690,939 | 678,928 | 655,091 | 641,498 | 622,406 | 624,794 | 488,933 |
| ROE | 1.22% | 3.13% | 1.23% | 7.76% | 7.71% | 3.68% | 2.73% | 0.63% | -0.20% | -3.13% | -2.00% | -0.67% | 0.55% | 4.86% | 2.34% | -0.81% | -2.45% | -1.55% | 1.70% | 8.01% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $14,012K ÷ $1,150,930K
= 1.22%
Penumbra Inc's return on equity (ROE) has shown some fluctuation over the quarters in the data provided. The ROE started at 8.01% in March 2020, but gradually declined to negative values in the following quarters, reaching a low of -3.13% in September 2022. However, there was a gradual improvement in the ROE after this period, with positive values returning by December 2023 and increasing thereafter.
The negative ROE figures indicate that the company's net income may not be generating adequate returns for its shareholders' equity investment during those periods. This could be a concerning sign as it suggests inefficiencies or losses in the company's operations or capital structure.
The positive ROE values from December 2023 onwards show that the company has been able to generate profits efficiently in relation to its shareholders' equity. A higher ROE is generally seen as favorable as it indicates that the company is using its shareholders' funds effectively to generate profits.
Overall, Penumbra Inc's ROE trend reflects periods of challenges followed by improvements in profitability and efficiency. It is important for stakeholders to further investigate the factors driving these fluctuations to assess the company's financial health and performance accurately.
Peer comparison
Dec 31, 2024