Verizon Communications Inc (VZ)

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	11,614,000	20,896,000	21,034,000	21,585,000	21,256,000	19,292,000	20,799,000	21,400,000	22,065,000	22,040,000	19,990,000	18,890,000	17,801,000	18,308,000	19,145,000	18,389,000	19,265,000	16,109,000	15,839,000	16,015,000
Total stockholders’ equity	US$ in thousands	91,774,000	97,113,000	94,649,000	92,486,000	90,351,000	86,726,000	85,362,000	83,265,000	81,252,000	76,554,000	73,276,000	70,950,000	67,507,000	64,773,000	62,460,000	60,061,000	61,173,000	58,724,000	56,417,000	55,731,000
ROE		12.66%	21.52%	22.22%	23.34%	23.53%	22.24%	24.37%	25.70%	27.16%	28.79%	27.28%	26.62%	26.37%	28.26%	30.65%	30.62%	31.49%	27.43%	28.07%	28.74%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $11,614,000K ÷ $91,774,000K
= 12.66%

Verizon Communications Inc's return on equity (ROE) has exhibited fluctuations over the quarters in 2022 and 2023. In Q1 2022, the ROE was 25.55%, indicating that the company generated $25.55 in net income for every dollar of shareholders' equity. Subsequently, the ROE decreased to 24.18% in Q2 2022 and further declined to 22.06% in Q3 2022. However, the ROE improved in Q4 2022 to 23.32%.

The trend continued in 2023, with a significant decrease in ROE to 23.24% in Q1, followed by a further decline to 22.10% in Q2. However, there was a slight increase in Q3 to 21.38% and a further increase to 12.57% in Q4.

Overall, the ROE trend indicates some variability and a slight downward trend from Q1 2022 to Q4 2023. It is essential for investors and stakeholders to monitor the company's ability to generate profits from shareholders' equity and understand the factors driving these fluctuations in ROE.