Perrigo Company PLC (PRGO)

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	-119,700	-5,600	-10,800	8,800	-57,500	-130,800	-131,000	-108,700	-115,500	-108,300	-68,900	-253,500	-349,200	-230,900	-162,600	-6,600	240,200	188,600	146,100	246,500
Total stockholders’ equity	US$ in thousands	4,545,300	4,687,000	4,767,900	4,738,100	4,848,600	4,833,900	4,842,100	4,602,700	4,849,800	5,104,500	5,151,700	5,182,400	5,511,100	5,558,000	5,655,100	5,820,300	5,910,400	5,786,400	5,803,800	5,758,800
ROE		-2.63%	-0.12%	-0.23%	0.19%	-1.19%	-2.71%	-2.71%	-2.36%	-2.38%	-2.12%	-1.34%	-4.89%	-6.34%	-4.15%	-2.88%	-0.11%	4.06%	3.26%	2.52%	4.28%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-119,700K ÷ $4,545,300K
= -2.63%

Perrigo Company PLC's Return on Equity (ROE) has displayed volatility in recent quarters. The ROE has been negative for several periods, indicating that the company's net income has not been sufficient to cover shareholders' equity. This suggests potential inefficiencies or challenges in generating profits relative to the level of shareholder investment.

The negative ROE values in the most recent quarters indicate a concerning trend. While the ROE improved slightly from the prior period, it remains in negative territory, reflecting ongoing profitability issues.

The fluctuations in ROE over the periods may be attributed to various factors such as changes in revenue, expenses, asset management, or financing structure. Investors and stakeholders should closely monitor Perrigo's financial performance and management strategies to assess the company's ability to enhance profitability and generate returns for shareholders in the future.