Box Inc (BOX)

Return on equity (ROE)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net income	US$ in thousands	129,032	26,783	-41,459	-43,433	-144,348
Total stockholders’ equity	US$ in thousands	-431,062	-523,851	-395,087	151,065	22,357
ROE		—	—	—	-28.75%	-645.65%

January 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $129,032K ÷ $-431,062K
= —

Box Inc's return on equity (ROE) has shown a significant improvement over the past few years. In the fiscal year ending January 31, 2020, the company reported a negative ROE of -645.65%, indicating that the company's net income was insufficient to cover shareholder's equity. However, in the following fiscal year ending January 31, 2021, the ROE improved to -28.75%, showing a step towards profitability.

Unfortunately, the data for the most recent fiscal years (ending January 31, 2022, 2023, and 2024) is not available for analysis. Therefore, it is unclear whether the positive trend observed in 2021 has continued or if there have been any further improvements in the company's ROE.

In conclusion, Box Inc has made progress in enhancing its return on equity, moving from significantly negative figures towards positive territory. Further information on the more recent fiscal years would be needed to assess the current trend in the company's ROE performance accurately.