Aspen Technology Inc (AZPN)
Return on equity (ROE)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -9,771 | -27,153 | -86,344 | -131,041 | -107,760 | -81,930 | -27,575 | |||
| Total stockholders’ equity | US$ in thousands | 12,812,900 | 12,810,800 | 12,849,100 | 12,926,900 | 13,070,900 | 13,119,100 | 13,147,100 | 13,170,800 | 13,169,400 | 1,734,740 |
| ROE | -0.08% | -0.21% | -0.67% | -1.01% | -0.82% | -0.62% | -0.21% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-9,771K ÷ $12,812,900K
= -0.08%
Aspen Technology Inc's return on equity (ROE) has shown a downward trend over the past several quarters. The company's ROE was negative in all reported periods, ranging from -1.01% to -0.08%. This indicates that the company's net income generated during these periods was insufficient to cover shareholders' equity, resulting in negative returns.
The declining trend in ROE suggests that the company may be facing challenges in generating profits relative to its shareholders' equity. Management should assess the factors contributing to the negative ROE and work towards improving profitability and efficiency to enhance shareholder value in the future. Investors and stakeholders may view the negative ROE as a concern, highlighting the need for strategic measures to address the underlying issues impacting the company's financial performance.
Peer comparison
Jun 30, 2024