Qualys Inc (QLYS)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	151,595	107,992	70,960	91,572	69,336
Total stockholders’ equity	US$ in thousands	368,174	289,129	436,714	404,482	386,803
ROE		41.17%	37.35%	16.25%	22.64%	17.93%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $151,595K ÷ $368,174K
= 41.17%

Qualys Inc's return on equity (ROE) has shown a positive trend over the past five years, increasing from 17.93% in 2019 to 41.17% in 2023. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits. The substantial increase in ROE from 2022 to 2023 further emphasizes the company's ability to efficiently generate returns for its shareholders. Overall, Qualys Inc's improving ROE reflects positively on its financial performance and management's ability to generate higher profits with the equity invested in the business.