Tucows annual return on equity
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2023
Tucows Return on Equity (ROE) Growth & History (TCX)
Tucows's return on equity was −180.60% for fiscal 2023.
View full Tucows company overviewTucows annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2023 | 2023-12-31 | −180.60% | −154.56 pp |
| 2022 | 2022-12-31 | −26.04% | −29.10 pp |
| 2021 | 2021-12-31 | 3.06% | −2.75 pp |
| 2020 | 2020-12-31 | 5.81% | −11.89 pp |
| 2019 | 2019-12-31 | 17.70% | −6.78 pp |
| 2018 | 2018-12-31 | 24.48% | −21.07 pp |
| 2017 | 2017-12-31 | 45.55% | −4.54 pp |
| 2016 | 2016-12-31 | 50.09% | +13.39 pp |
| 2015 | 2015-12-31 | 36.71% | +16.33 pp |
| 2014 | 2014-12-31 | 20.38% | +4.74 pp |
| 2013 | 2013-12-31 | 15.64% | +0.11 pp |
| 2012 | 2012-12-31 | 15.53% | −7.18 pp |
| 2011 | 2011-12-31 | 22.71% | +15.01 pp |
| 2010 | 2010-12-31 | 7.70% | — |
Tucows quarterly return on equity
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Q2.15
Q3.15
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Q2.23
Q3.23
Q4.23
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q4 2023 | 2023-12-31 | −117.10% | −103.81 pp |
| Q3 2023 | 2023-09-30 | −56.12% | −48.84 pp |
| Q2 2023 | 2023-06-30 | −47.37% | −44.63 pp |
| Q1 2023 | 2023-03-31 | −21.65% | −19.02 pp |
| Q4 2022 | 2022-12-31 | −13.30% | −11.58 pp |
| Q3 2022 | 2022-09-30 | −7.29% | −8.51 pp |
| Q2 2022 | 2022-06-30 | −2.74% | −4.39 pp |
| Q1 2022 | 2022-03-31 | −2.62% | −4.65 pp |
| Q4 2021 | 2021-12-31 | −1.72% | −3.74 pp |
| Q3 2021 | 2021-09-30 | 1.23% | +0.50 pp |
| Q2 2021 | 2021-06-30 | 1.66% | +1.49 pp |
| Q1 2021 | 2021-03-31 | 2.03% | −0.96 pp |
| Q4 2020 | 2020-12-31 | 2.02% | −4.36 pp |
| Q3 2020 | 2020-09-30 | 0.72% | −4.11 pp |
| Q2 2020 | 2020-06-30 | 0.16% | −2.91 pp |
| Q1 2020 | 2020-03-31 | 2.99% | −0.44 pp |
| Q4 2019 | 2019-12-31 | 6.38% | +0.66 pp |
| Q3 2019 | 2019-09-30 | 4.83% | −2.56 pp |
| Q2 2019 | 2019-06-30 | 3.07% | −2.29 pp |
| Q1 2019 | 2019-03-31 | 3.43% | −2.53 pp |
| Q4 2018 | 2018-12-31 | 5.72% | −14.85 pp |
| Q3 2018 | 2018-09-30 | 7.39% | +0.06 pp |
| Q2 2018 | 2018-06-30 | 5.36% | −6.96 pp |
| Q1 2018 | 2018-03-31 | 5.96% | −0.33 pp |
| Q4 2017 | 2017-12-31 | 20.57% | +12.78 pp |
| Q3 2017 | 2017-09-30 | 7.33% | −7.53 pp |
| Q2 2017 | 2017-06-30 | 12.32% | −1.49 pp |
| Q1 2017 | 2017-03-31 | 6.29% | −9.55 pp |
| Q4 2016 | 2016-12-31 | 7.79% | −3.68 pp |
| Q3 2016 | 2016-09-30 | 14.86% | +4.65 pp |
| Q2 2016 | 2016-06-30 | 13.80% | +6.80 pp |
| Q1 2016 | 2016-03-31 | 15.84% | +7.34 pp |
| Q4 2015 | 2015-12-31 | 11.47% | +6.10 pp |
| Q3 2015 | 2015-09-30 | 10.21% | +1.90 pp |
| Q2 2015 | 2015-06-30 | 7.01% | +2.53 pp |
| Q1 2015 | 2015-03-31 | 8.50% | +6.80 pp |
| Q4 2014 | 2014-12-31 | 5.37% | +1.89 pp |
| Q3 2014 | 2014-09-30 | 8.31% | −2.76 pp |
| Q2 2014 | 2014-06-30 | 4.47% | +1.59 pp |
| Q1 2014 | 2014-03-31 | 1.70% | +1.37 pp |
| Q4 2013 | 2013-12-31 | 3.48% | +1.84 pp |
| Q3 2013 | 2013-09-30 | 11.07% | +4.82 pp |
| Q2 2013 | 2013-06-30 | 2.89% | — |
| Q1 2013 | 2013-03-31 | 0.33% | −5.53 pp |
| Q4 2012 | 2012-12-31 | 1.64% | −20.49 pp |
| Q3 2012 | 2012-09-30 | 6.25% | +10.99 pp |
| Q1 2012 | 2012-03-31 | 5.86% | — |
| Q4 2011 | 2011-12-31 | 22.13% | — |
| Q3 2011 | 2011-09-30 | −4.75% | — |
| Q2 2011 | 2011-06-30 | 2.30% | — |
Tucows return on equity trends
Over the last five fiscal years, Tucows's return on equity decreased from 24.48% to −180.60%, a change of −205.08 percentage points. The latest reported quarter, Q4 2023, shows −117.10%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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