Revvity Inc. (RVTY)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	693,094	569,179	943,157	727,887	227,558
Total stockholders’ equity	US$ in thousands	7,872,740	7,382,880	7,141,240	3,735,490	2,813,820
ROE		8.80%	7.71%	13.21%	19.49%	8.09%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $693,094K ÷ $7,872,740K
= 8.80%

The return on equity (ROE) of Revvity Inc. has exhibited fluctuations over the past five years. The ROE decreased from 8.09% in 2019 to 7.71% in 2020 before increasing to 13.21% in 2021. However, in the subsequent years, there was a decline in ROE to 8.80% in 2022 and further to 7.71% in 2023.

This analysis indicates that Revvity Inc.'s ability to generate profit from shareholders' equity has varied over the years. The decreasing trend in ROE from 2021 to 2023 may suggest challenges in maintaining or improving profitability relative to the shareholders' investment. Further investigation into the company's financial performance and efficiency in utilizing its equity capital may be warranted to understand the factors contributing to the fluctuations in ROE.