STAAR Surgical Company (STAA)
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 | 21,347 | 19,444 | 24,889 | 31,863 | 38,755 | 37,824 | 33,582 | 29,111 | 24,501 | 22,906 | 20,778 | 11,039 | 5,913 | 8,965 | 7,461 | 12,547 | 14,048 | 8,765 | 7,836 | 5,752 |
| Total stockholders’ equity | US$ in thousands | 385,954 | 378,595 | 357,617 | 338,924 | 336,112 | 323,142 | 302,317 | 276,317 | 261,568 | 249,108 | 234,622 | 214,176 | 197,222 | 186,392 | 174,674 | 164,967 | 159,884 | 149,340 | 144,335 | 137,338 |
| ROE | 5.53% | 5.14% | 6.96% | 9.40% | 11.53% | 11.71% | 11.11% | 10.54% | 9.37% | 9.20% | 8.86% | 5.15% | 3.00% | 4.81% | 4.27% | 7.61% | 8.79% | 5.87% | 5.43% | 4.19% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $21,347K ÷ $385,954K
= 5.53%
STAAR Surgical Company's return on equity (ROE) has exhibited some fluctuations over the past few quarters. The ROE values ranged from 3.00% to 11.71% in the given periods.
In general, a higher ROE indicates that the company is generating more profit with the shareholders' equity. The upward trend in ROE from 5.43% in March 2019 to 11.71% in September 2022 suggests an improvement in the company's profitability and efficiency in using shareholders' equity to generate earnings.
However, the ROE dropped to 5.53% by the end of December 2023. This decrease in ROE could be a concern and would require further analysis to understand the factors contributing to the decline in profitability. It is essential for investors and stakeholders to closely monitor the company's financial performance and management's strategies to ensure sustained profitability and value creation.
Peer comparison
Dec 31, 2023