Somnigroup International Inc. (SGI)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 389,500 | 372,800 | 359,100 | 368,100 | 392,700 | 412,100 | 410,300 | 455,700 | 529,800 | 574,500 | 624,700 | 624,500 | 593,400 | 537,400 | 419,600 | 348,800 | 250,300 | 202,200 | 220,800 | 189,500 |
| Total stockholders’ equity | US$ in thousands | 573,200 | 420,700 | 335,400 | 333,400 | 223,700 | 147,500 | 43,600 | -12,300 | -143,300 | -180,900 | -91,300 | 285,800 | 371,000 | 410,100 | 327,200 | 503,600 | 456,200 | 249,700 | 208,400 | 359,500 |
| ROE | 67.95% | 88.61% | 107.07% | 110.41% | 175.55% | 279.39% | 941.06% | — | — | — | — | 218.51% | 159.95% | 131.04% | 128.24% | 69.26% | 54.87% | 80.98% | 105.95% | 52.71% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $389,500K ÷ $573,200K
= 67.95%
Somnigroup International Inc.'s return on equity (ROE) has shown significant fluctuations over the reporting periods provided. The ROE ranged from 52.71% on December 31, 2019, to a high of 941.06% on March 31, 2023, indicating substantial variations in the company's profitability and efficiency in generating returns for its shareholders.
The ROE peaked at 941.06% in March 2023, reflecting a remarkable performance in utilizing shareholder equity to generate profits. This could be attributed to efficient cost management, strong revenue growth, or possibly a decrease in shareholder equity due to financial restructuring.
However, the ROE declined to 67.95% on September 30, 2024, indicating a decrease in profitability and efficiency in utilizing equity to generate returns. This decline may raise concerns about the company's operational performance or financial management practices during that period.
It is important to note that a high ROE can be an indicator of a successful and profitable company, but sustained high returns should be analyzed in conjunction with other financial metrics to assess the overall health and sustainability of the business. Additionally, consistent fluctuations in ROE may warrant further investigation into the factors impacting the company's financial performance and strategic decisions.
Peer comparison
Sep 30, 2024