Yelp Inc (YELP)
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 | 99,173 | 91,912 | 42,804 | 36,084 | 36,347 | 39,392 | 48,349 | 44,552 | 39,671 | 37,570 | 18,485 | -9,717 | -19,424 | -23,361 | -12,280 | 24,013 | 40,881 | 55,675 | 60,600 | 59,001 |
| Total stockholders’ equity | US$ in thousands | 749,534 | 739,574 | 708,602 | 704,128 | 710,324 | 701,378 | 718,604 | 724,349 | 751,318 | 781,823 | 803,464 | 827,100 | 854,534 | 815,628 | 781,320 | 762,432 | 754,991 | 702,564 | 746,455 | 994,838 |
| ROE | 13.23% | 12.43% | 6.04% | 5.12% | 5.12% | 5.62% | 6.73% | 6.15% | 5.28% | 4.81% | 2.30% | -1.17% | -2.27% | -2.86% | -1.57% | 3.15% | 5.41% | 7.92% | 8.12% | 5.93% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $99,173K ÷ $749,534K
= 13.23%
Yelp Inc's return on equity (ROE) has shown a fluctuating trend over the past eight quarters. The ROE has generally improved from Q1 2022 to Q4 2023, indicating enhanced efficiency in generating profits from shareholders' equity. In Q4 2023, Yelp Inc achieved an ROE of 13.23%, the highest in the period under consideration. This suggests that the company generated $13.23 in net income for every dollar of shareholder equity in the most recent quarter.
Overall, the upward trend in ROE reflects Yelp Inc's ability to effectively utilize shareholder funds to generate profits. However, the ROE dipped in Q2 and Q3 2023 compared to earlier quarters, suggesting potential challenges in efficiently utilizing equity to generate returns during those periods. It would be important to further analyze the underlying factors contributing to these fluctuations in ROE to have a more comprehensive understanding of Yelp Inc's financial performance.
Peer comparison
Dec 31, 2023