Vericel Corp Ord (VCEL)
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 | -3,182 | -10,244 | -13,161 | -17,104 | -16,700 | -18,096 | -16,450 | -11,273 | -7,471 | 214 | 8,763 | 4,280 | 2,864 | 145 | -3 | -11,526 | -9,665 | -13,924 | -18,463 | -3,322 |
| Total stockholders’ equity | US$ in thousands | 225,952 | 204,380 | 198,928 | 193,978 | 192,272 | 177,837 | 174,816 | 172,485 | 170,462 | 156,780 | 151,092 | 140,209 | 134,260 | 114,630 | 107,596 | 110,452 | 111,091 | 96,990 | 88,542 | 103,055 |
| ROE | -1.41% | -5.01% | -6.62% | -8.82% | -8.69% | -10.18% | -9.41% | -6.54% | -4.38% | 0.14% | 5.80% | 3.05% | 2.13% | 0.13% | -0.00% | -10.44% | -8.70% | -14.36% | -20.85% | -3.22% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-3,182K ÷ $225,952K
= -1.41%
Vericel Corp's return on equity (ROE) has fluctuated over the past eight quarters. The company's ROE has been negative, with the highest value recorded in Q4 2022 at -8.69% and the lowest in Q1 2023 at -8.82%. These figures indicate that Vericel Corp has been generating less profit with the equity provided by shareholders. The trend shows a gradual decrease in ROE from Q2 2022 to Q1 2023, with a slight improvement seen in Q4 2023 at -1.41%. The negative ROE values suggest that the company's profitability is relatively low compared to the equity invested, indicating potential inefficiencies in the utilization of shareholder funds. Further analysis of the company's financial performance and operational strategies may be necessary to address the declining ROE trend.
Peer comparison
Dec 31, 2023