Qualcomm Incorporated (QCOM)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,232,000 | 12,936,000 | 9,043,000 | 5,198,000 | 4,386,000 |
| Total stockholders’ equity | US$ in thousands | 21,581,000 | 18,013,000 | 9,950,000 | 6,077,000 | 4,909,000 |
| ROE | 33.51% | 71.81% | 90.88% | 85.54% | 89.35% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $7,232,000K ÷ $21,581,000K
= 33.51%
Qualcomm Incorporated's return on equity (ROE) has exhibited a downward trend over the past five years. The ROE decreased significantly from 90.88% in 2021 to 33.51% in 2023. This decline may indicate a decrease in the company's profitability relative to its shareholders' equity. It is worth noting that a high ROE, as seen in the previous years, suggests that Qualcomm has been efficient in generating profits from its equity. The recent decrease in ROE could be a result of various factors such as changes in the company's financial structure, profitability, or asset management. Further analysis of Qualcomm's financial performance and strategies would provide valuable insights into these ROE fluctuations.
Peer comparison
Sep 30, 2023