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Align Technology inc   (ALGN)
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Align Technology Inc 's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Align Technology Inc in the forth quarter 2023?
Align Technology inc achieved a return on average equity (ROE) of 12.23 % in its forth quarter 2023, which is below Align Technology Inc 's average return on equity, which stands at 26.27%.

ROE has advanced compared to 9.99% in the third quarter 2023, due to net income growth.

Within the Medical Equipment & Supplies industry 25 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 708, from total ROE ranking in the third quarter 2023 at 1313.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 0.81 % 2.9 % 1.09 % -5.09 % -
Y / Y Net Income Change 196.86 % 67.02 % -0.87 % -34.62 % -78.12 %
Net Income (TTM) in Millions 445 363 314 315 362
Return On Equity (TTM) 12.23 % 9.99 % 8.72 % 8.77 % 9.93 %
ALGN's Total Ranking # 708 # 1313 # 1567 # 1554 # 1274
Equity (TTM) in Millions 3,630 3,802 3,638 3,480 3,601
Seq. Equity Change -4.51 % 4.5 % 4.55 % -3.37 % -2.52 %
Seq. Net Income Change 2.13 % 8.6 % 27.35 % 110.17 % -42.54 %

Return On Equity Company Ranking
Within: No.
Industry # 26
Sector # 80
Overall # 708

Return On Equity Statistics
High Average Low
109.85 %
26.27 %
8.72 %
(Mar 31 2020)   (Jun 30 2023)





ALGN Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020
(Dec 31 2019)
2019
Total Equity in Millions 3,630 3,601 3,623 3,234 1,346
Y / Y Equity Change 0.81 % -0.59 % 12.02 % 140.23 % 7.45 %
Net Income in Millions 445 362 772 1,776 443
Y / Y Net Income Change 23.09 % -53.17 % -56.53 % 301.08 % 10.63 %
Return On Equity 12.26 % 10.04 % 21.31 % 54.92 % 32.89 %





Annual Roe Comment
In 2023 ROE improved to 12.26 % compared to the previous year, due to net income growth.


More Return On Equity Ratios
Medical Equipment & Supplies Industry Roe Trends and Statistics
Healthcare Sector Return On Equity Statistics
ALGN's' Return on Equity at Yahoo Finance
ALGN's Roe Ratio versus Medical Equipment & Supplies Industry, Healthcare Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for ALGN's Competitors
Return On Equity for Align Technology Inc 's Suppliers
Roe for ALGN's Customers




Companies with similar Return On Equity at Dec 31 2023, within Healthcare Sector ROE
Earth Science Tech Inc   32.33 %
Novartis Ag  31.77 %
Semler Scientific Inc   30.60 %
Protalix Biotherapeutics inc   29.73 %
Escalon Medical Corp   29.02 %
Virios Therapeutics Inc   28.59 %
Chemed Corporation  27.53 %
Harmony Biosciences Holdings inc   27.47 %
Bristol myers Squibb Company  26.26 %
Gilead Sciences Inc   25.80 %
Collegium Pharmaceutical Inc   25.52 %
Inmode Ltd   25.14 %
Dexcom Inc   24.98 %
Shockwave Medical Inc   23.97 %
Iqvia Holdings Inc   23.02 %
Ge Healthcare Technologies Inc   22.98 %
Vertex Pharmaceuticals Inc  22.62 %
Encompass Health Corporation  22.19 %
Corcept Therapeutics Inc  21.98 %
Edwards Lifesciences Corporation  21.57 %
Kewaunee Scientific Corporation  21.39 %
Resmed Inc   21.21 %
West Pharmaceutical Services Inc   21.06 %
Cadre Holdings Inc   20.97 %
Select Medical Holdings Corp  20.01 %
Catalyst Pharmaceuticals Inc   19.76 %
Exelixis Inc   19.20 %
Stryker Corp  18.80 %
Option Care Health Inc   18.78 %
Patterson Companies Inc   18.17 %


Date modified: 2024-02-29T17:43:54+00:00



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