Proto Labs Inc (PRLB)
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 | 17,220 | -104,835 | -108,838 | -105,898 | -103,462 | 23,513 | 24,397 | 34,755 | 33,372 | 31,041 | 40,903 | 40,595 | 50,867 | 56,474 | 58,569 | 62,128 | 63,655 | 67,755 | 71,900 | 74,048 |
| Total stockholders’ equity | US$ in thousands | 695,295 | 684,922 | 682,685 | 683,137 | 697,648 | 810,846 | 820,698 | 832,035 | 828,493 | 824,621 | 831,977 | 813,431 | 644,356 | 625,821 | 601,249 | 587,740 | 585,790 | 564,097 | 558,113 | 542,795 |
| ROE | 2.48% | -15.31% | -15.94% | -15.50% | -14.83% | 2.90% | 2.97% | 4.18% | 4.03% | 3.76% | 4.92% | 4.99% | 7.89% | 9.02% | 9.74% | 10.57% | 10.87% | 12.01% | 12.88% | 13.64% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $17,220K ÷ $695,295K
= 2.48%
Proto Labs Inc's return on equity (ROE) has exhibited volatility over the past eight quarters. In Q4 2023, the ROE stood at 2.48%, showing a slight improvement from the negative figures reported in the three previous quarters. The negative ROE values in Q3, Q2, and Q1 2023 indicate that the company's net income was not generating a sufficient return relative to the shareholders' equity during those periods.
Comparing the Q4 2023 ROE with the same period in the prior year (Q4 2022), there was a decrease from 2.90% to 2.48%, signaling some deterioration in the company's profitability and efficiency in generating returns for shareholders. However, it is worth noting that the Q4 2023 ROE was higher than the negative ROE values reported in the preceding three quarters.
Looking at the trend over the past eight quarters, Proto Labs Inc has shown fluctuations in its ROE, with periods of positive and negative returns. The company's management may need to focus on improving profitability and operational efficiency to enhance ROE and ensure sustainable value creation for shareholders. Further analysis of the underlying factors affecting profitability and equity utilization would be beneficial in understanding the drivers behind the fluctuating ROE figures.
Peer comparison
Dec 31, 2023