Premier Inc (PINC)
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 | 106,790 | 67,577 | 165,388 | 176,896 | 177,445 | 185,885 | 176,305 | 189,163 | 267,510 | 287,156 | 299,531 | 267,203 | 314,737 | 320,633 | 307,348 | 298,929 | 159,511 | 127,559 | 119,814 | 188,140 |
| Total stockholders’ equity | US$ in thousands | 1,962,230 | 1,923,300 | 2,390,210 | 2,352,700 | 2,334,360 | 2,335,790 | 2,306,070 | 2,261,420 | 2,248,850 | 2,233,600 | 2,278,800 | 2,328,090 | 2,229,890 | 2,214,570 | 2,172,420 | 2,134,580 | 1,859,570 | 1,799,880 | 1,671,490 | 1,690,220 |
| ROE | 5.44% | 3.51% | 6.92% | 7.52% | 7.60% | 7.96% | 7.65% | 8.36% | 11.90% | 12.86% | 13.14% | 11.48% | 14.11% | 14.48% | 14.15% | 14.00% | 8.58% | 7.09% | 7.17% | 11.13% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $106,790K ÷ $1,962,230K
= 5.44%
Premier Inc's return on equity (ROE) has shown fluctuations over the past few quarters. In the most recent quarter ending June 30, 2024, the ROE was 5.44%, which was lower compared to the previous quarter but higher than the same quarter in the prior year. This could indicate a decrease in profitability or efficiency in generating returns for shareholders.
Looking at the trend over the past few quarters, Premier Inc's ROE has been varying between 3.51% to 14.48%. The peak ROE of 14.48% was recorded in the quarter ending March 31, 2021. This suggests that Premier Inc has been able to generate substantial returns for its shareholders in the past.
However, it is essential to note that the ROE has been declining in recent quarters from the peak, indicating a potential decrease in the company's ability to generate profits from shareholders' equity. Investors and analysts may need to further investigate the reasons behind this trend, such as changes in financial leverage, profitability, or asset management efficiency to understand the drivers behind the fluctuations in Premier Inc's ROE.
Peer comparison
Jun 30, 2024