Bill Com Holdings Inc (BILL)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -28,878 | -223,725 | -326,361 | -98,720 | -31,091 |
| Total stockholders’ equity | US$ in thousands | 4,134,200 | 4,085,970 | 4,043,690 | 2,529,590 | 710,719 |
| ROE | -0.70% | -5.48% | -8.07% | -3.90% | -4.37% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-28,878K ÷ $4,134,200K
= -0.70%
Based on the data provided, Bill Com Holdings Inc has experienced a fluctuating return on equity (ROE) over the past five years. The ROE was negative in each year, ranging from -8.07% in June 2022 to -0.70% in June 2024.
A negative ROE indicates that the company's net income is insufficient to generate a positive return for shareholders' equity. In Bill Com Holdings Inc's case, the negative trend in ROE over the years suggests that the company has struggled to utilize its equity effectively to generate profits for its shareholders.
It is important for Bill Com Holdings Inc to investigate the reasons behind the consistently low ROE and take corrective measures to improve the company's performance and profitability in the future. A negative ROE over an extended period can be a concerning signal for investors and may affect the company's ability to attract capital and investment.
Peer comparison
Jun 30, 2024