Aspen Technology Inc (AZPN)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -9,771 | -107,760 | 41,944 |
| Total stockholders’ equity | US$ in thousands | 12,812,900 | 13,070,900 | 13,169,400 |
| ROE | -0.08% | -0.82% | 0.32% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-9,771K ÷ $12,812,900K
= -0.08%
Aspen Technology Inc's return on equity (ROE) has been fluctuating over the past three years. In 2024, the ROE was -0.08%, which indicates that the company generated a negative return for its shareholders during that period. This compares unfavorably to the ROE of -0.82% in 2023 and 0.32% in 2022.
The negative ROE values suggest that the company's net income was insufficient to cover its shareholders' equity, leading to a loss in shareholder value. A consistently low or negative ROE may signal operational inefficiencies, poor financial management, or strategic challenges within the organization.
Further analysis of Aspen Technology Inc's financial performance, profitability, asset utilization, and leverage is recommended to identify the underlying factors contributing to the fluctuating ROE and to assess the company's overall financial health and sustainability.
Peer comparison
Jun 30, 2024