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


See also:

AT&T Inc Return on Equity (ROE) (Quarterly Data)