Salesforce.com Inc (CRM)
Return on equity (ROE)
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,136,000 | 208,000 | 1,444,000 | 4,072,000 | 126,000 |
| Total stockholders’ equity | US$ in thousands | 59,646,000 | 58,359,000 | 58,131,000 | 41,493,000 | 33,885,000 |
| ROE | 6.93% | 0.36% | 2.48% | 9.81% | 0.37% |
January 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $4,136,000K ÷ $59,646,000K
= 6.93%
The Return on Equity (ROE) of Salesforce Inc has fluctuated over the past five years. In the most recent fiscal year ending January 31, 2024, the ROE was 6.93%, showing an improvement compared to the previous year's 0.36%. However, it remains lower than the ROE reported in January 31, 2021, which was 9.81%. The ROE for January 31, 2022, stood at 2.48%, indicating a slight increase from the year before. Notably, in January 31, 2020, the ROE was 0.37%, which was also relatively low.
Overall, the ROE trend of Salesforce Inc suggests some variability in the company's ability to generate profits from its equity. Investors and stakeholders may want to further investigate the factors contributing to these fluctuations in ROE to assess the company's financial performance and sustainability.
Peer comparison
Jan 31, 2024