Synaptics Incorporated (SYNA)

Return on equity (ROE)

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Net income US$ in thousands 125,600 73,600 257,500 79,600 118,800
Total stockholders’ equity US$ in thousands 1,466,800 1,243,400 1,266,400 967,200 819,100
ROE 8.56% 5.92% 20.33% 8.23% 14.50%

June 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $125,600K ÷ $1,466,800K
= 8.56%

Synaptics Incorporated's return on equity (ROE) has fluctuated over the past five years. In 2024, the ROE stands at 8.56%, showing an improvement compared to the prior year's 5.92%. However, this current ROE is still lower than the ROE seen in 2022, which was significantly higher at 20.33%. In 2021 and 2020, the ROE figures were 8.23% and 14.50%, respectively.

The varying ROE values indicate fluctuations in the company's profitability relative to its shareholder equity. It is crucial to assess the factors influencing these changes in ROE, such as changes in net income, total equity, and financial leverage. Investors and stakeholders should closely monitor Synaptics' ROE trends to gauge the company's efficiency in generating profits from its equity base.