Cardinal Health Inc (CAH)
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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 853,000 | 553,000 | 657,000 | 159,000 | 281,000 | 483,000 | -1,273,000 | -1,094,000 | -933,000 | -955,000 | 555,000 | 1,135,000 | 611,000 | 1,151,000 | 1,382,000 | 973,000 | -3,696,000 | -4,158,000 | -4,212,000 | -4,152,000 |
| Total stockholders’ equity | US$ in thousands | -3,213,000 | -3,265,000 | -3,449,000 | -3,491,000 | -2,958,000 | -2,220,000 | -2,213,000 | -1,781,000 | -709,000 | -697,000 | 998,000 | 1,393,000 | 1,791,000 | 1,790,000 | 1,971,000 | 1,422,000 | 1,789,000 | 1,203,000 | 999,000 | 900,000 |
| ROE | — | — | — | — | — | — | — | — | — | — | 55.61% | 81.48% | 34.12% | 64.30% | 70.12% | 68.42% | -206.60% | -345.64% | -421.62% | -461.33% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $853,000K ÷ $-3,213,000K
= —
The return on equity (ROE) for Cardinal Health Inc has varied significantly over the past few quarters.
In the most recent quarter, as of June 30, 2024, the ROE data is not available. However, in the previous quarters, the ROE has shown some volatility. For example, in March 2023, the ROE was 81.48%, indicating a strong profitability and efficiency in generating returns for shareholders. This was a notable improvement from the ROE of 34.12% in December 2022.
However, there were instances of negative ROE figures in the past, such as in September 2020 and December 2019, where the ROE values were -206.60% and -461.33% respectively. Negative ROE values may suggest that the company incurred losses and its assets were not effectively utilized to generate profits for shareholders.
Overall, the trend in ROE for Cardinal Health Inc seems to be volatile, with fluctuations in profitability and efficiency in generating returns for shareholders. It would be important to further investigate the factors contributing to these fluctuations to better understand the company's financial performance and sustainability.
Peer comparison
Jun 30, 2024