Semtech Corporation (SMTC)

Return on equity (ROE)

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Net income (ttm)	US$ in thousands	-1,092,030	-500,680	-439,684	-6,084	61,380	147,197	158,878	140,213	125,664	106,516	90,576	73,768	59,903	47,181	42,691	31,932	35,591	52,580	50,748	70,551
Total stockholders’ equity	US$ in thousands	-307,434	334,261	366,835	733,028	755,852	792,412	798,858	734,983	737,584	718,194	708,417	704,277	698,743	676,391	677,493	661,474	676,954	688,721	689,540	695,226
ROE		—	-149.79%	-119.86%	-0.83%	8.12%	18.58%	19.89%	19.08%	17.04%	14.83%	12.79%	10.47%	8.57%	6.98%	6.30%	4.83%	5.26%	7.63%	7.36%	10.15%

January 28, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,092,030K ÷ $-307,434K
= —

Semtech Corporation's return on equity (ROE) has experienced fluctuations over the periods indicated in the table. The ROE was negative in some quarters, reaching a low of -149.79% in October 29, 2023. This indicates that the company's net income was insufficient to cover the equity invested by shareholders, leading to a negative return.

However, the ROE improved over subsequent quarters, turning positive in the following periods. The ROE reached its highest point of 19.89% in July 31, 2022, showing an efficient utilization of shareholder equity to generate profits.

Overall, Semtech Corporation's ROE trended positively from negative territory to double-digit percentages, indicating a steady improvement in the company's profitability and efficiency in generating returns for its shareholders.