Varex Imaging Corp (VREX)
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 | 44,600 | 48,200 | 29,400 | 28,500 | 32,000 | 30,300 | 25,900 | 29,700 | 25,200 | 17,400 | -17,700 | -58,000 | -63,000 | -57,900 | -23,400 | 3,500 | 11,200 | 15,500 | 7,400 | 12,600 |
| Total stockholders’ equity | US$ in thousands | 568,900 | 567,700 | 531,500 | 519,600 | 511,700 | 533,400 | 514,800 | 501,100 | 492,800 | 483,300 | 471,500 | 454,700 | 450,200 | 451,700 | 467,100 | 451,100 | 447,900 | 444,900 | 434,400 | 433,300 |
| ROE | 7.84% | 8.49% | 5.53% | 5.48% | 6.25% | 5.68% | 5.03% | 5.93% | 5.11% | 3.60% | -3.75% | -12.76% | -13.99% | -12.82% | -5.01% | 0.78% | 2.50% | 3.48% | 1.70% | 2.91% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $44,600K ÷ $568,900K
= 7.84%
The return on equity (ROE) of Varex Imaging Corp has shown fluctuations over the past few quarters. In the most recent quarter, the ROE was 7.84%, indicating a moderate return generated from shareholders' equity. This figure has slightly decreased compared to the previous quarter's ROE of 8.49%.
Looking back over the past year, the ROE has ranged from 3.60% to 8.49%, with varying levels of profitability relative to equity. There were periods of negative ROE, particularly in the middle of the year, indicating that the company was not effectively utilizing its shareholders' equity to generate profits during that time.
The ROE has gradually improved compared to the negative figures seen in mid-2021, suggesting potential efforts to enhance profitability and efficiency. However, the ROE still remains below the levels observed before the negative trends. Varex Imaging Corp may need to focus on sustainable growth strategies and operational efficiencies to further enhance its return on equity in the future.
Peer comparison
Dec 31, 2023