Shutterstock (SSTK)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	110,269	76,103	91,883	71,766	20,108
Total stockholders’ equity	US$ in thousands	527,094	447,482	468,482	421,925	328,145
ROE		20.92%	17.01%	19.61%	17.01%	6.13%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $110,269K ÷ $527,094K
= 20.92%

Shutterstock Inc's return on equity (ROE) has shown a positive trend over the past five years, indicating an improving efficiency in generating profits from shareholders' equity. The ROE increased from 6.13% in 2019 to 20.92% in 2023, reflecting significant growth in shareholder value creation. This upward trajectory suggests that the company has effectively utilized its equity to generate profits for its shareholders. The consistent improvement in ROE demonstrates the management's ability to effectively allocate resources and maximize profitability over the years. Overall, the increasing trend in ROE reflects positively on Shutterstock Inc's financial performance and indicates a strong ability to generate returns for its shareholders.