Ciena Corp (CIEN)
Return on equity (ROE)
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,956 | 254,827 | 152,902 | 500,196 | 361,291 |
| Total stockholders’ equity | US$ in thousands | 2,816,140 | 2,848,360 | 2,712,860 | 3,020,020 | 2,509,600 |
| ROE | 2.98% | 8.95% | 5.64% | 16.56% | 14.40% |
November 2, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $83,956K ÷ $2,816,140K
= 2.98%
The return on equity (ROE) for Ciena Corp has displayed fluctuating trends over the past five years. In fiscal year 2024, the ROE stood at 2.98%, reflecting a decrease compared to the previous year's figure of 8.95% in fiscal year 2023. This decline in ROE suggests that the company's profitability in relation to shareholder equity weakened during the most recent fiscal year.
Comparing the ROE figures further back in time, the trend reveals variability in the company's performance. The ROE in fiscal year 2022 was 5.64%, demonstrating a moderate increase from the prior year's 16.56% in fiscal year 2021. Notably, the fiscal year 2021 ROE was substantially higher than the figures in the subsequent two years, indicating a peak in profitability during that period.
Looking back at fiscal year 2020, Ciena Corp achieved an ROE of 14.40%, suggesting a decline in profitability compared to fiscal year 2021 but a return to a more favorable level compared to the subsequent years. Overall, Ciena Corp's ROE has shown variability over the past five years, with fluctuations indicating changes in the company's ability to generate profits from shareholder equity.
Peer comparison
Nov 2, 2024