NCR Voyix Corporation (VYX)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -423,000 | 60,000 | 97,000 | -79,000 | 564,000 |
| Total stockholders’ equity | US$ in thousands | 25,000 | 1,480,000 | 1,256,000 | 1,048,000 | 1,104,000 |
| ROE | -1,692.00% | 4.05% | 7.72% | -7.54% | 51.09% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-423,000K ÷ $25,000K
= -1,692.00%
The return on equity (ROE) of NCR Voyix Corporation has displayed significant fluctuations over the past five years. In 2019, the ROE was robust at 51.09%, indicating that the company generated a substantial return for its shareholders relative to its equity base. However, this performance sharply declined in 2020, registering a negative ROE of -7.54%, signifying the company operated at a loss relative to its shareholder equity that year.
Subsequently, in 2021, there was a slight improvement in ROE to 7.72%, but this was still significantly lower compared to the previous year. The trend reversed in 2022, with a further increase in ROE to 4.05%, although it remained relatively low compared to the 2019 levels.
The most recent data for 2023 indicates a concerning negative ROE of -1,692.00%, which suggests that the company incurred substantial losses relative to its equity base, reflecting a significant decline in shareholder value.
Overall, the fluctuating trend in ROE raises questions about the company's ability to effectively utilize its equity to generate profits for its shareholders consistently. Further analysis of the company's financial performance and strategic decisions would be necessary to understand the factors contributing to these fluctuations in ROE.