Zebra Technologies Corporation (ZBRA)
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 | 296,000 | 465,000 | 650,000 | 408,000 | 463,000 | 468,000 | 497,000 | 814,000 | 837,000 | 845,000 | 762,000 | 643,000 | 504,000 | 474,000 | 494,000 | 518,000 | 544,000 | 490,000 | 481,000 | 427,000 |
| Total stockholders’ equity | US$ in thousands | 3,036,000 | 3,013,000 | 2,992,000 | 2,891,000 | 2,733,000 | 2,657,000 | 2,513,000 | 2,906,000 | 2,984,000 | 2,816,000 | 2,589,000 | 2,411,000 | 2,144,000 | 1,931,000 | 1,803,000 | 1,727,000 | 1,839,000 | 1,694,000 | 1,559,000 | 1,467,000 |
| ROE | 9.75% | 15.43% | 21.72% | 14.11% | 16.94% | 17.61% | 19.78% | 28.01% | 28.05% | 30.01% | 29.43% | 26.67% | 23.51% | 24.55% | 27.40% | 29.99% | 29.58% | 28.93% | 30.85% | 29.11% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $296,000K ÷ $3,036,000K
= 9.75%
To analyze Zebra Technologies Corp.'s return on equity (ROE), we can observe fluctuations in the ROE figures across different quarters. The ROE has shown variability over the past eight quarters, ranging from a low of 9.75% in Q4 2023 to a high of 28.01% in Q1 2022.
The downward trend in ROE from Q1 2022 to Q4 2023 could be a cause for concern as it indicates a decrease in the company's ability to generate profits from its shareholders' equity. Factors contributing to this decline could include a decrease in profitability, higher levels of debt, or inefficient utilization of equity.
The highest ROE of 28.01% in Q1 2022 may suggest that during that period, the company was particularly efficient in utilizing shareholder equity to generate profits. However, maintaining such a high ROE consistently can be challenging.
Overall, a sustained downward trend in ROE warrants further investigation into the company's financial performance and strategies to improve profitability and efficiency in the utilization of equity. It is essential for investors and stakeholders to monitor these trends closely to assess the company's financial health and strategic direction.
Peer comparison
Dec 31, 2023