Gen Digital Inc. (GEN)
Return on equity (ROE)
| 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 | Jul 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 616,000 | 1,397,000 | 1,418,000 | 1,338,000 | 1,349,000 | 554,000 | 591,000 | 855,000 | 836,000 | 910,000 | 886,000 | 617,000 | 554,000 | 591,000 | 3,258,000 | 3,979,000 | 3,887,000 | 3,690,000 | 910,000 | 117,000 |
| Total stockholders’ equity | US$ in thousands | 2,197,000 | 2,418,000 | 2,414,000 | 2,337,000 | 2,200,000 | 1,310,000 | 1,698,000 | -299,000 | -93,000 | -98,000 | -232,000 | -497,000 | -500,000 | -492,000 | -476,000 | -503,000 | 10,000 | 8,677,000 | 6,112,000 | 5,250,000 |
| ROE | 28.04% | 57.78% | 58.74% | 57.25% | 61.32% | 42.29% | 34.81% | — | — | — | — | — | — | — | — | — | 38,870.00% | 42.53% | 14.89% | 2.23% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $616,000K ÷ $2,197,000K
= 28.04%
Gen Digital Inc.'s return on equity (ROE) has fluctuated over the past several quarters. The company experienced a significant decrease in ROE from 61.32% in the first quarter of 2023 to 28.04% in the first quarter of 2024. This decline may raise concerns about the company's profitability and efficiency in generating returns for its shareholders.
However, it is worth noting that Gen Digital Inc. achieved exceptionally high ROE of 38,870.00% in the first quarter of 2020, which could be an outlier and may have distorted the overall trend. The ROE figures in the recent quarters, while varying, generally indicate a decent return on equity, with percentages ranging from the mid-20s to the high-50s.
Further analysis would be beneficial to understand the factors contributing to the fluctuations in ROE and to assess the company's overall financial performance. Additional information on the company's financial strategies, capital structure, profitability drivers, and industry trends would provide a more comprehensive view of Gen Digital Inc.'s ROE and its implications for investors.
Peer comparison
Mar 31, 2024