Magic Software Enterprises Ltd (MGIC) Return on Equity ROE from the fourth quarter 2023 to fourth quarter 2022 and annually, average high and low, overall ranking from Dec 31 2023 to Dec 31 2022 - CSIMarket
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Magic Software Enterprises Ltd   (NASDAQ: MGIC)
    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology

Magic Software Enterprises Ltd 's ROE per quarter

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


What is ROE for Magic Software Enterprises Ltd in the fourth quarter 2023?
Magic Software Enterprises Ltd achieved a return on average equity (ROE) of 14.48 % in its fourth quarter 2023, this is above MGIC's average return on equity of 11.61%.
Magic Software Enterprises Ltd shareholder's equity over the 12 months ending in its fourth quarter 2023 are valued at $293 million

ROE fell compared to the third quarter 2023, despite the net income growth of % from the third quarter 2023.

Within the Software & Programming industry 28 other companies had a higher return on equity. While return on equity, the total ranking has deteriorated compared to the third quarter 2023 from 0 to 1039.

What is ROE?



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Return On Equity (Dec 31 2023)
IV. Quarter		 0
III. Quarter		 0
II. Quarter		 0
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Equity Change 3.48 % 5.3 % 5.3 % 5.3 % -
Y / Y Net Income Change -8.16 % - - - 32.59 %
Net Income (TTM) in Millions 43 46 46 46 46
Return On Equity (TTM) 14.48 % 15.91 % 16.11 % 16.32 % 16.53 %
MGIC's Total Ranking # 1039 # 0 # 0 # 0 # 1078
Equity (TTM) in Millions 301 291 291 291 291
Seq. Equity Change 3.48 % 0 % 0 % 0 % 5.3 %
Seq. Net Income Change - - - - -

Back to MGIC Management Effectiveness >> MGIC's 5 Years Annual ROE >> Compare MGIC ROE to its Competitors
Return On Equity Company Ranking
Within: No.
Industry # 29
Sector # 124
Overall # 1039

Return On Equity Statistics
High Average Low
16.75 %
11.61 %
8.39 %
(Dec 31 2022)   (Dec 31 2017)





MGIC Annual Return On Equity (Dec 31 2024)
2024		 (Dec 31 2023)
2023		 (Dec 31 2022)
2022		 (Dec 31 2021)
2021		 (Dec 31 2020)
2020
Total Equity in Millions 301 291 276 276 268
Y / Y Equity Change 3.48 % 5.3 % 0.27 % 2.66 % 1.4 %
Net Income in Millions 43 43 46 35 30
Y / Y Net Income Change 1.86 % -8.16 % 30.96 % 17.34 % 17.65 %
Return On Equity 14.38 % 14.61 % 16.75 % 12.82 % 11.22 %

Back to MGIC Management Effectiveness >> MGIC's 5 Years Annual ROE >> Compare MGIC ROE to its Competitors




Annual Roe Comment
In 2024 ROE fell to 14.38 %, despite net income growth.


More Return On Equity Ratios
Software & Programming Industry Roe Trends and Statistics
Technology Sector Return On Equity Statistics
MGIC's' Return on Equity at Yahoo Finance
MGIC's Roe Ratio versus Software & Programming Industry, Technology Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Subscribers only: Roe for MGIC's Competitors
Subscribers only: Roe for Magic Software Enterprises Ltd 's Suppliers
Subscribers only: Return On Equity for MGIC's Customers




Companies with similar Return On Equity at Dec 31 2023, within Technology Sector ROE
Mmtec Inc  38.20 %
Super Micro Computer Inc   37.18 %
Qualcomm Inc  37.18 %
Rambus Inc  36.09 %
Adobe Inc   35.40 %
Teradata Corporation  35.18 %
Microchip Technology Incorporated  35.13 %
Cadence Design Systems Inc   33.67 %
Arista Networks inc   33.52 %
International Business Machines Corporation  33.45 %
A10 Networks Inc   33.02 %
Pegasystems Inc   33.02 %
Nxp Semiconductors N v   32.73 %
Nve Corp  32.31 %
Napco Security Technologies inc  30.86 %
Blackline Inc   30.68 %
Rockwell Automation Inc   30.58 %
Cisco Systems Inc   30.51 %
On Semiconductor Corporation  30.38 %
Check Point Software Technologies Ltd   29.79 %
Tigo Energy Inc   29.76 %
Jabil Inc  29.18 %
Factset Research Systems Inc   29.10 %
Hubbell Inc  28.49 %
Meta Platforms Inc   28.19 %
Gravity co ltd   28.13 %
Aehr Test Systems  28.01 %
Alphabet Inc   27.22 %
Science applications International corporation  26.69 %
Vertiv Holdings Co  26.53 %

Date modified: 2024-09-03T04:04:44+00:00



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