Coty Inc (COTY)
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 | 89,400 | 219,200 | 323,800 | 381,200 | 508,200 | 193,800 | 139,000 | 162,100 | 259,500 | 355,000 | 317,000 | -196,700 | -201,300 | -781,600 | -1,068,800 | -837,600 | -1,006,700 | -3,039,800 | -2,780,300 | -3,719,800 |
| Total stockholders’ equity | US$ in thousands | 3,827,100 | 3,992,600 | 4,424,800 | 3,721,300 | 3,811,100 | 3,737,600 | 3,531,400 | 3,051,800 | 3,154,500 | 3,598,700 | 3,471,500 | 3,243,400 | 2,860,700 | 2,962,200 | 3,077,400 | 3,201,100 | 3,004,600 | 3,732,200 | 4,471,700 | 4,455,000 |
| ROE | 2.34% | 5.49% | 7.32% | 10.24% | 13.33% | 5.19% | 3.94% | 5.31% | 8.23% | 9.86% | 9.13% | -6.06% | -7.04% | -26.39% | -34.73% | -26.17% | -33.51% | -81.45% | -62.18% | -83.50% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $89,400K ÷ $3,827,100K
= 2.34%
The return on equity (ROE) of Coty Inc has seen fluctuations over the past several quarters. From December 2019 to June 2020, the ROE was strongly negative, indicating the company experienced significant losses relative to its equity during that period. However, starting from March 2021, there was a gradual improvement in the ROE, with positive figures recorded in the subsequent quarters.
The ROE peaked at 13.33% in June 2023, suggesting that the company was generating a relatively higher return on its equity at that time. Subsequently, the ROE fluctuated but generally remained positive until March 2024.
The recent ROE of 5.49% in March 2024 was lower compared to the peak, indicating a slight decrease in profitability relative to equity. Overall, the trend in ROE for Coty Inc shows improvement from negative figures in the past to positive returns recently, although there have been fluctuations along the way. Further analysis of the company's financial performance and operational strategies may provide additional insights into these fluctuations.
Peer comparison
Jun 30, 2024