Coty Inc (COTY)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 89,400 | 508,200 | 259,500 | -201,300 | -1,006,700 |
| Total stockholders’ equity | US$ in thousands | 3,827,100 | 3,811,100 | 3,154,500 | 2,860,700 | 3,004,600 |
| ROE | 2.34% | 13.33% | 8.23% | -7.04% | -33.51% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $89,400K ÷ $3,827,100K
= 2.34%
Coty Inc's return on equity (ROE) has fluctuated over the past five years. The ROE for the most recent period ending June 30, 2024, stands at 2.34%. This indicates that for every dollar of shareholders' equity, the company generated a return of 2.34% during this period.
Comparing this to the previous year, there has been a significant decrease from 13.33% in June 2023 to 2.34% in June 2024. This suggests a decline in the company's ability to generate profits from its shareholders' equity.
Looking further back, in June 2022, the ROE was 8.23%, showing a moderate return compared to the most recent data but still lower than the performance in June 2023.
In June 2021, Coty Inc reported a negative ROE of -7.04%, indicating that the company experienced a loss relative to shareholders' equity during that period.
The lowest ROE in the period under review was recorded in June 2020 at -33.51%. This signifies a substantial loss relative to shareholders' equity, highlighting a challenging financial performance during this time.
Overall, Coty Inc's ROE has displayed variability over the past five years, with recent figures suggesting a lower return compared to previous periods. It is essential for investors and stakeholders to closely monitor and assess the factors contributing to these fluctuations in ROE to understand the company's financial health and profitability.
Peer comparison
Jun 30, 2024