Qualys Inc (QLYS)
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 | 151,595 | 139,328 | 120,473 | 111,687 | 107,992 | 101,487 | 101,596 | 96,142 | 70,960 | 72,955 | 67,929 | 73,106 | 91,572 | 88,420 | 84,851 | 74,764 | 69,336 | 63,072 | 67,367 | 61,428 |
Total stockholders’ equity | US$ in thousands | 368,174 | 322,917 | 277,018 | 267,822 | 289,129 | 355,186 | 396,838 | 426,635 | 436,714 | 402,986 | 392,995 | 397,108 | 404,482 | 400,299 | 407,774 | 386,730 | 386,803 | 361,023 | 383,598 | 373,403 |
ROE | 41.17% | 43.15% | 43.49% | 41.70% | 37.35% | 28.57% | 25.60% | 22.53% | 16.25% | 18.10% | 17.28% | 18.41% | 22.64% | 22.09% | 20.81% | 19.33% | 17.93% | 17.47% | 17.56% | 16.45% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $151,595K ÷ $368,174K
= 41.17%
Qualys Inc's Return on Equity (ROE) has shown a generally positive trend over the past eight quarters, increasing from 22.53% in Q1 2022 to 43.49% in Q2 2023. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits. The consistently high ROE above 20% suggests efficient management of the company's assets to generate earnings. The upward trend in ROE indicates improvement in the company's profitability and efficiency in generating returns for shareholders. Overall, the increasing trend in ROE over the quarters reflects positively on Qualys Inc's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023