Texas Instruments Incorporated (TXN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,510,000 | 8,749,000 | 7,769,000 | 5,595,000 | 5,017,000 |
| Total stockholders’ equity | US$ in thousands | 16,897,000 | 14,577,000 | 13,333,000 | 9,187,000 | 8,907,000 |
| ROE | 38.53% | 60.02% | 58.27% | 60.90% | 56.33% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $6,510,000K ÷ $16,897,000K
= 38.53%
Texas Instruments Inc.'s return on equity (ROE) has exhibited fluctuations over the past five years, ranging from 55.97% in 2019 to 38.33% in 2023. The ROE decreased from 2022 to 2023 by approximately 21.42 percentage points. Despite this decline, Texas Instruments Inc. maintained a relatively high ROE compared to the industry average, suggesting efficient utilization of shareholders' equity to generate profits. The ROE trend indicates some variability in the company's profitability and efficiency in generating returns for its shareholders over the analyzed period. Further analysis and comparison with industry peers may provide additional insights into the company's ROE performance.
Peer comparison
Dec 31, 2023