Sonos Inc (SONO)
Return on equity (ROE)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -16,292 | -43,572 | -4,515 | -10,274 | -43,102 | -20,128 | 19,090 | 67,383 | 122,706 | 141,129 | 149,784 | 158,595 | 185,750 | 110,944 | 41,403 | -20,114 | -68,125 | -25,154 | 4,342 | -4,766 |
| Total stockholders’ equity | US$ in thousands | 464,391 | 494,004 | 594,409 | 518,657 | 590,210 | 612,914 | 633,354 | 560,513 | 642,736 | 671,684 | 679,607 | 569,042 | 587,127 | 579,268 | 510,209 | 297,839 | 261,199 | 299,804 | 367,279 | 280,928 |
| ROE | -3.51% | -8.82% | -0.76% | -1.98% | -7.30% | -3.28% | 3.01% | 12.02% | 19.09% | 21.01% | 22.04% | 27.87% | 31.64% | 19.15% | 8.11% | -6.75% | -26.08% | -8.39% | 1.18% | -1.70% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-16,292K ÷ $464,391K
= -3.51%
The Return on Equity (ROE) of Sonos Inc has exhibited significant fluctuations over the past few quarters. In the most recent quarter, ending June 30, 2024, the ROE was at -3.51%, indicating a negative return on shareholders' equity. This decrease in ROE may raise concerns among investors and stakeholders.
Looking back at the trend over the past two years, the ROE has shown volatility, with a mix of positive and negative values. The company experienced a sharp decline in ROE in the quarter ending March 31, 2024, at -8.82%, which continued the negative trend from the previous quarter.
On a positive note, the ROE was relatively strong in the quarters ending December 31, 2022, and September 30, 2022, at 3.01% and 12.02%, respectively. This indicates that the company was able to generate a moderate return on equity during those periods.
The highest ROE was observed in the quarters ending June 30, 2021, and September 30, 2021, at 31.64% and 27.87%, respectively. These periods were characterized by strong profitability and efficiency in utilizing shareholders' equity to generate returns.
Overall, the fluctuating trend in ROE suggests varying levels of profitability and efficiency in utilizing equity capital by Sonos Inc. Investors and analysts may consider the company's strategies and performance drivers to assess the sustainability and improvement of its return on equity in the future.
Peer comparison
Jun 30, 2024