FedEx Corporation (FDX)
Return on equity (ROE)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,331,000 | 4,395,000 | 4,287,000 | 4,175,000 | 3,972,000 | 2,992,000 | 3,333,000 | 3,589,000 | 3,826,000 | 5,136,000 | 4,916,000 | 5,098,000 | 5,231,000 | 3,029,000 | 2,452,000 | 1,786,000 | 1,286,000 | -349,000 | 75,000 | 450,000 |
| Total stockholders’ equity | US$ in thousands | 27,582,000 | 26,375,000 | 26,766,000 | 26,534,000 | 26,088,000 | 24,733,000 | 24,115,000 | 25,140,000 | 24,939,000 | 24,526,000 | 24,940,000 | 24,321,000 | 24,168,000 | 21,981,000 | 21,039,000 | 19,462,000 | 18,295,000 | 18,831,000 | 18,659,000 | 18,166,000 |
| ROE | 15.70% | 16.66% | 16.02% | 15.73% | 15.23% | 12.10% | 13.82% | 14.28% | 15.34% | 20.94% | 19.71% | 20.96% | 21.64% | 13.78% | 11.65% | 9.18% | 7.03% | -1.85% | 0.40% | 2.48% |
May 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,331,000K ÷ $27,582,000K
= 15.70%
FedEx Corporation's return on equity (ROE) has shown variations over the past few quarters. The ROE has generally been positive, with figures ranging from -1.85% to 21.64%. The average ROE over the period analyzed is approximately 13.81%.
A higher ROE indicates that the company is generating more profit from its shareholders' equity. FedEx's ROE has fluctuated, but it has generally remained above 10%, indicating a decent level of profitability relative to shareholders' investment.
While the company experienced a decline in ROE in some quarters, it rebounded in others, showing resilience in maintaining profitability. It is important to further investigate the underlying factors affecting ROE trends to understand the company's performance and financial health in more detail.