Qualcomm Incorporated (QCOM)

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	7,764,000	7,232,000	8,615,000	10,542,000	11,772,000	12,936,000	12,861,000	11,158,000	9,986,000	9,042,000	9,204,000	8,022,000	6,728,000	5,198,000	2,744,000	4,048,000	4,243,000	4,386,000	3,367,000	2,420,000
Total stockholders’ equity	US$ in thousands	23,058,000	21,581,000	20,670,000	19,698,000	18,810,000	18,013,000	16,048,000	13,328,000	11,333,000	9,950,000	8,177,000	7,424,000	7,380,000	6,077,000	3,306,000	3,045,000	4,513,000	4,909,000	5,463,000	3,866,000
ROE		33.67%	33.51%	41.68%	53.52%	62.58%	71.81%	80.14%	83.72%	88.11%	90.87%	112.56%	108.05%	91.17%	85.54%	83.00%	132.94%	94.02%	89.35%	61.63%	62.60%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $7,764,000K ÷ $23,058,000K
= 33.67%

Qualcomm Incorporated's return on equity (ROE) has shown fluctuating trends over the past couple of years. The ROE has generally been strong, with consistently high values ranging from 33.51% to 132.94%. The highest ROE was observed in Mar 31, 2020, indicating the company generated significant profits relative to shareholders' equity during that period. However, there have been some variability in recent quarters, with ROE showing a decreasing trend after reaching its peak in Mar 31, 2020. Despite this, Qualcomm's ROE has remained at levels above 60% over the past few years, indicating a strong ability to generate profits from shareholders' equity. Further analysis of the underlying factors driving these fluctuations would be necessary to understand the changing performance of the company.