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.