Synaptics Incorporated (SYNA)

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	125,600	-106,100	-77,600	-46,600	73,600	179,900	234,400	281,900	257,500	193,600	142,500	122,600	79,600	150,600	141,800	112,000	118,800	-17,400	-15,700	-22,700
Total stockholders’ equity	US$ in thousands	1,466,800	1,235,400	1,220,300	1,204,300	1,243,400	1,321,100	1,300,400	1,325,100	1,266,400	1,157,700	1,063,900	1,001,400	967,200	932,600	888,000	838,700	819,100	712,900	691,300	654,800
ROE		8.56%	-8.59%	-6.36%	-3.87%	5.92%	13.62%	18.03%	21.27%	20.33%	16.72%	13.39%	12.24%	8.23%	16.15%	15.97%	13.35%	14.50%	-2.44%	-2.27%	-3.47%

June 30, 2024 calculation

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

The return on equity (ROE) of Synaptics Incorporated has shown fluctuating trends over the past few quarters. The ROE was positive in some periods but negative in others, indicating inconsistent profitability levels relative to shareholders' equity.

In the most recent quarter, at 8.56%, the ROE improved compared to the previous quarter, where it was -8.59%. However, the current ROE remains lower than some of the earlier quarters. This suggests that while there has been some recovery in profitability, there may be room for further improvement.

Looking at the trend over the past few years, the ROE has generally been positive, with occasional dips into negative territory. The highest ROE was observed in December 2022 at 21.27%, indicating strong profitability relative to shareholder equity at that time.

Overall, Synaptics Incorporated's ROE performance has been variable, and it may be beneficial for stakeholders to assess the company's operational and financial strategies to better understand the factors contributing to these fluctuations and work towards improving long-term profitability and value creation for shareholders.