Qualcomm Incorporated (QCOM)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,142,000 | 7,232,000 | 12,936,000 | 9,043,000 | 5,198,000 |
| Total stockholders’ equity | US$ in thousands | 26,274,000 | 21,581,000 | 18,013,000 | 9,950,000 | 6,077,000 |
| ROE | 38.60% | 33.51% | 71.81% | 90.88% | 85.54% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $10,142,000K ÷ $26,274,000K
= 38.60%
Qualcomm Incorporated's return on equity (ROE) has shown a fluctuating trend over the past five years, as evidenced by the data provided. The ROE decreased from 85.54% in 2020 to 90.88% in 2021, then significantly dropped to 71.81% in 2022. However, there was a notable improvement in 2023, with the ROE increasing to 33.51%. In the most recent period ending in September 2024, Qualcomm's ROE further improved to 38.60%.
The trend indicates that Qualcomm's ROE has been volatile, with significant fluctuations from year to year. It is essential to delve deeper into the company's financial performance and operations to understand the factors driving these changes in ROE. Overall, Qualcomm's ROE performance over the years suggests varying levels of profitability and efficiency in generating returns for shareholders based on their equity investments in the company.
Peer comparison
Sep 30, 2024