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