Perrigo Company PLC (PRGO)

Return on equity (ROE)

		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	Dec 31, 2019
Net income (ttm)	US$ in thousands	-154,900	-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
Total stockholders’ equity	US$ in thousands	4,566,000	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
ROE		-3.39%	-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%

September 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-154,900K ÷ $4,566,000K
= -3.39%

Perrigo Company PLC's return on equity (ROE) has been inconsistent and fluctuating over the historical periods provided. The ROE values have been mostly negative, indicating that the company is not effectively generating returns on shareholders' equity.

The trend shows a downward trajectory from the positive ROE values in December 2019 to the negative values in September 2024. This indicates a decline in the company's ability to generate profits relative to its shareholders' equity over time.

The variability in ROE values suggests that Perrigo Company PLC may be facing challenges in efficiently deploying its equity capital to generate earnings. The negative ROE values raise concerns about the company's profitability and efficiency in utilizing shareholders' funds to generate returns.

Further analysis would be required to identify the specific factors contributing to the fluctuating ROE and to assess the company's overall financial health and performance.