Gen Digital Inc. (GEN)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 616,000 | 1,349,000 | 836,000 | 554,000 | 3,887,000 |
| Total stockholders’ equity | US$ in thousands | 2,197,000 | 2,200,000 | -93,000 | -500,000 | 10,000 |
| ROE | 28.04% | 61.32% | — | — | 38,870.00% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $616,000K ÷ $2,197,000K
= 28.04%
Gen Digital Inc.'s return on equity (ROE) has fluctuated significantly over the past five years. In 2024, the ROE stands at 28.04%, a decrease from the exceptional 61.32% reported in 2023. However, there is missing data for 2022 and 2021, indicating potential reporting issues or fluctuations that are not provided. Notably, in 2020, an ROE of 38,870.00% was reported, which seems unusually high and may require further investigation for accuracy. Overall, the varying ROE figures suggest changes in the company's profitability and efficiency in generating returns for its shareholders, requiring a deeper examination of the underlying factors driving these fluctuations.
Peer comparison
Mar 31, 2024