AT&T Inc (T)
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 | 14,400,000 | -11,305,000 | -8,774,000 | -9,106,000 | -8,524,000 | 20,036,000 | 19,928,000 | 17,341,000 | 20,081,000 | 1,155,000 | -1,947,000 | -2,236,000 | -5,176,000 | 11,101,000 | 11,985,000 | 14,417,000 | 13,903,000 | 16,367,000 | 17,385,000 | 18,804,000 |
| Total stockholders’ equity | US$ in thousands | 103,297,000 | 103,703,000 | 101,903,000 | 99,396,000 | 97,500,000 | 122,406,000 | 117,746,000 | 169,036,000 | 166,332,000 | 163,771,000 | 162,296,000 | 165,488,000 | 161,673,000 | 175,553,000 | 175,896,000 | 177,779,000 | 184,221,000 | 183,049,000 | 184,257,000 | 185,112,000 |
| ROE | 13.94% | -10.90% | -8.61% | -9.16% | -8.74% | 16.37% | 16.92% | 10.26% | 12.07% | 0.71% | -1.20% | -1.35% | -3.20% | 6.32% | 6.81% | 8.11% | 7.55% | 8.94% | 9.44% | 10.16% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $14,400,000K ÷ $103,297,000K
= 13.94%
AT&T Inc.'s return on equity (ROE) has exhibited fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 13.74%, indicating a moderate return for shareholders. This is an improvement from the previous quarter, Q3 2023, where the company experienced a negative ROE of -11.10%, pointing towards a loss incurred by equity investors.
The trend of negative ROE was also observed in Q2 2023 (-8.81%) and Q1 2023 (-9.37%), reflecting a period of poor profitability relative to shareholders' equity. Contrastingly, in the same quarters of the previous year, AT&T had better performance with ROE figures of -8.95% (Q4 2022), 16.21% (Q3 2022), 16.75% (Q2 2022), and 10.14% (Q1 2022).
The varying ROE figures suggest that AT&T's profitability and efficiency in generating returns for equity holders have been inconsistent. It is essential for stakeholders to monitor these fluctuations closely to assess the company's financial health and its ability to create value for shareholders over time.
Peer comparison
Dec 31, 2023