Sanmina Corporation (SANM)

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	275,024	309,970	306,493	307,221	276,221	242,841	240,402	279,375	258,622	249,546	245,227	173,912	150,926	139,713	107,864	105,905	141,908	141,515	122,540	113,582
Total stockholders’ equity	US$ in thousands	67,539	2,168,950	65,882	2,217,990	63,275	56,325	1,768,560	1,805,040	1,852,760	1,878,630	1,839,120	1,735,110	1,677,950	1,623,370	1,653,480	1,617,750	1,679,380	1,642,570	1,627,470	1,580,720
ROE		407.21%	14.29%	465.22%	13.85%	436.54%	431.14%	13.59%	15.48%	13.96%	13.28%	13.33%	10.02%	8.99%	8.61%	6.52%	6.55%	8.45%	8.62%	7.53%	7.19%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $275,024K ÷ $67,539K
= 407.21%

Sanmina Corporation's return on equity (ROE) has shown significant fluctuation over the past few quarters. The ROE was exceptionally high at 407.21% in December 2023, indicating that the company generated substantial profits relative to its shareholder equity during that period. However, this was followed by a sharp decline to 14.29% in September 2023.

Overall, there is a general trend of ROE fluctuating between very high values, such as 465.22% in June 2023 and 436.54% in December 2022, and more moderate figures, such as around 10% in several quarters. This suggests that Sanmina Corporation's profitability and efficiency in generating returns for its shareholders have been inconsistent.

Further analysis would be required to understand the factors driving such variability in ROE and to assess the sustainability of the company's profitability levels. Investors and stakeholders may need to monitor Sanmina Corporation's financial performance closely to evaluate the long-term trajectory of its return on equity.