Autodesk Inc (ADSK)
Return on equity (ROE)
Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 906,000 | 823,000 | 497,000 | 1,208,000 | 214,500 |
Total stockholders’ equity | US$ in thousands | 1,855,000 | 1,145,000 | 849,000 | 965,000 | -139,000 |
ROE | 48.84% | 71.88% | 58.54% | 125.18% | — |
January 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $906,000K ÷ $1,855,000K
= 48.84%
Autodesk Inc's Return on Equity (ROE) has experienced fluctuations in recent years. The ROE was 48.84% as of January 31, 2024, a decrease from the previous year's 71.88%. The declining trend in ROE suggests that the company's ability to generate profit from shareholders' equity has weakened. However, the ROE of 48.84% still indicates that Autodesk is effectively utilizing shareholders' equity to generate profits. It is important for investors to monitor the trend in ROE over time to assess the company's financial performance and efficiency in generating returns for its equity holders.
Peer comparison
Jan 31, 2024
Company name
Symbol
ROE
Autodesk Inc
ADSK
48.84%
3D Systems Corporation
DDD
-84.59%
ACI Worldwide Inc
ACIW
9.18%
Adobe Systems Incorporated
ADBE
32.86%
Altair Engineering Inc
ALTR
-1.25%
ANSYS Inc
ANSS
9.28%
Appfolio Inc
APPF
0.91%
Blackbaud Inc
BLKB
0.23%
Blackline Inc
BL
20.25%
Box Inc
BOX
—
Cadence Design Systems Inc
CDNS
30.58%