Shutterstock (SSTK)

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	110,269	118,321	112,942	82,374	76,103	85,943	78,932	88,941	91,883	100,876	107,429	96,962	71,766	50,240	32,592	16,904	20,108	30,668	33,181	29,628
Total stockholders’ equity	US$ in thousands	527,094	531,963	519,507	476,534	447,482	430,583	429,093	444,423	468,482	474,896	465,334	440,504	421,925	390,240	343,500	327,727	328,145	316,253	303,921	294,984
ROE		20.92%	22.24%	21.74%	17.29%	17.01%	19.96%	18.40%	20.01%	19.61%	21.24%	23.09%	22.01%	17.01%	12.87%	9.49%	5.16%	6.13%	9.70%	10.92%	10.04%

December 31, 2023 calculation

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

Shutterstock Inc's return on equity (ROE) has shown some variability over the past eight quarters, ranging from 17.01% to 22.24%. The company achieved its highest ROE in Q3 2023, at 22.24%, indicating strong profitability generated from shareholders' equity during that period. Overall, the company's ROE has remained relatively stable, with an average ROE of approximately 19.31% over the eight quarters analyzed. This suggests that Shutterstock Inc has been able to effectively utilize its shareholders' equity to generate profits, albeit with some fluctuations in performance. Further analysis of the components that drive ROE, such as net income margin, asset turnover, and financial leverage, would provide a more comprehensive understanding of the company's profitability and efficiency.