Qorvo Inc (QRVO)

Return on equity (ROE)

		Mar 31, 2024	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
Net income (ttm)	US$ in thousands	-70,322	-211,473	-100,466	-9,312	103,152	453,843	686,037	816,611	1,033,353	1,119,815	1,104,587	922,315	733,611	485,264	445,585	391,706	334,325	345,452	253,613	202,659
Total stockholders’ equity	US$ in thousands	3,556,370	3,638,350	3,817,190	3,812,220	3,902,790	4,164,570	4,322,140	4,300,600	4,553,220	4,667,200	4,727,750	4,648,390	4,629,420	4,503,700	4,407,170	4,351,240	4,292,660	4,339,380	4,265,490	4,337,340
ROE		-1.98%	-5.81%	-2.63%	-0.24%	2.64%	10.90%	15.87%	18.99%	22.69%	23.99%	23.36%	19.84%	15.85%	10.77%	10.11%	9.00%	7.79%	7.96%	5.95%	4.67%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-70,322K ÷ $3,556,370K
= -1.98%

Qorvo Inc's return on equity (ROE) has exhibited fluctuations in recent quarters. The ROE declined from 5.95% in September 2019 to -1.98% in March 2024 before it reached -5.81% in December 2023, indicating a negative profitability trend. However, there was a positive ROE of 23.99% in March 2022 that declined slightly to 22.69% in June 2022. The ROE reached 18.99% in September 2022 and 15.87% in December 2022 before increasing to 10.90% in March 2023.

Despite the recent fluctuations, Qorvo Inc's ROE generally remained above 10% between March 2020 and June 2023, suggesting healthy profitability levels. However, the negative ROE figures in the latest quarters raise concerns about the company's efficiency in generating returns for its shareholders. Investors may need to closely monitor Qorvo Inc's financial performance and management strategies to assess and address the factors contributing to the decline in ROE.