Take-Two Interactive Software Inc (TTWO)

Return on equity (ROE)

		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	Jun 30, 2019
Net income (ttm)	US$ in thousands	-3,744,200	-1,451,500	-1,513,300	-1,226,700	-1,124,700	-403,500	-105,500	161,700	418,000	525,926	563,574	652,695	588,900	492,796	474,190	446,684	404,459	338,566	354,872	308,424
Total stockholders’ equity	US$ in thousands	5,667,900	8,508,600	8,430,100	8,940,200	9,042,500	9,550,400	9,433,500	9,662,300	3,809,700	3,665,740	3,469,670	3,618,930	3,331,890	3,155,290	2,901,280	2,651,030	2,539,240	2,402,040	2,181,760	2,086,330
ROE		-66.06%	-17.06%	-17.95%	-13.72%	-12.44%	-4.22%	-1.12%	1.67%	10.97%	14.35%	16.24%	18.04%	17.67%	15.62%	16.34%	16.85%	15.93%	14.09%	16.27%	14.78%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-3,744,200K ÷ $5,667,900K
= -66.06%

Take-Two Interactive Software Inc's Return on Equity (ROE) has shown a declining trend from 2019 to 2024. The ROE was positive and relatively high in the past, peaking at 18.04% in the second quarter of 2021. However, starting from the first quarter of 2022, there has been a consistent decrease in ROE, with negative values recorded in recent quarters. The most significant drop occurred in the first quarter of 2024, with an ROE of -66.06%.

This declining trend in ROE indicates decreasing profitability relative to the shareholders' equity over time. It suggests that the company may be facing challenges in generating earnings from its equity base or managing its assets efficiently. Investors and analysts may need to closely monitor the company's financial performance and management decisions to understand the factors contributing to the decreasing ROE and assess the company's future prospects.