Home Depot Inc (HD)

Return on equity (ROE)

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Net income (ttm)	US$ in thousands	15,143,000	15,704,000	16,233,000	16,747,000	17,105,000	17,095,000	16,885,000	16,519,000	16,433,000	15,938,000	15,241,000	14,766,000	12,866,000	12,490,000	11,827,000	10,974,000	11,242,000	11,105,000	11,203,000	11,230,000
Total stockholders’ equity	US$ in thousands	1,044,000	1,430,000	1,335,000	362,000	1,562,000	1,298,000	237,000	-1,709,000	-1,696,000	1,035,000	2,069,000	1,748,000	3,299,000	1,535,000	-414,000	-3,490,000	-3,116,000	-1,082,000	-1,160,000	-2,143,000
ROE		1,450.48%	1,098.18%	1,215.96%	4,626.24%	1,095.07%	1,317.03%	7,124.47%	—	—	1,539.90%	736.64%	844.74%	390.00%	813.68%	—	—	—	—	—	—

January 28, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $15,143,000K ÷ $1,044,000K
= 1,450.48%

Home Depot Inc's return on equity (ROE) has exhibited significant fluctuations over the analyzed periods. The ROE values ranged from 390.00% to 7,124.47%, indicating substantial variability in the company's profitability relative to shareholders' equity. It is worth noting that the ROE surpassed 1,000% in several periods, reflecting a high level of efficiency in generating profits from the shareholders' investments. However, the absence of ROE data for some periods limits the ability to make a comprehensive assessment of the trend. Further qualitative and quantitative analysis is recommended to understand the factors driving the fluctuating ROE levels and to assess the sustainability of Home Depot Inc's profitability.