Xencor Inc (XNCR)

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	-126,087	-119,028	-127,518	-139,539	-55,182	29,921	22,489	108,712	82,631	-4,121	23,520	-63,746	-69,333	-82,554	-80,228	-61,244	26,875	35,590	48,964	39,129
Total stockholders’ equity	US$ in thousands	668,796	669,010	678,876	683,583	727,496	722,698	742,341	763,023	733,504	618,860	646,938	583,612	572,444	568,483	570,645	593,005	593,201	610,237	608,091	609,565
ROE		-18.85%	-17.79%	-18.78%	-20.41%	-7.59%	4.14%	3.03%	14.25%	11.27%	-0.67%	3.64%	-10.92%	-12.11%	-14.52%	-14.06%	-10.33%	4.53%	5.83%	8.05%	6.42%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-126,087K ÷ $668,796K
= -18.85%

Xencor Inc's return on equity (ROE) has shown a decreasing trend over the quarters, reflecting deteriorating profitability relative to shareholders' equity. The negative ROE figures indicate that the company is generating losses in relation to the equity invested by shareholders. The downward trend from Q1 2022 to Q4 2023 suggests that Xencor Inc may be facing challenges in effectively utilizing shareholder equity to generate profits. This could be due to issues such as declining profitability, inefficient use of resources, or high financial leverage. Overall, the negative ROE figures highlight potential concerns regarding Xencor Inc's financial performance and the need for management to address the underlying factors impacting profitability.