Hewlett Packard Enterprise Co (HPE)
Return on equity (ROE)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,911,000 | 2,025,000 | 1,079,000 | 1,024,000 | 856,000 | 868,000 | 3,725,000 | 3,708,000 | 3,717,000 | 3,427,000 | 1,031,000 | 648,000 | -432,000 | -322,000 | 1,000 | -35,000 | 1,205,000 | 1,049,000 | 1,020,000 | 1,825,000 |
| Total stockholders’ equity | US$ in thousands | 21,416,000 | 21,182,000 | 20,622,000 | 20,366,000 | 20,011,000 | 19,864,000 | 20,611,000 | 20,532,000 | 20,318,000 | 19,971,000 | 17,020,000 | 16,560,000 | 16,212,000 | 16,049,000 | 16,155,000 | 16,210,000 | 17,189,000 | 17,098,000 | 17,533,000 | 18,198,000 |
| ROE | 8.92% | 9.56% | 5.23% | 5.03% | 4.28% | 4.37% | 18.07% | 18.06% | 18.29% | 17.16% | 6.06% | 3.91% | -2.66% | -2.01% | 0.01% | -0.22% | 7.01% | 6.14% | 5.82% | 10.03% |
January 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,911,000K ÷ $21,416,000K
= 8.92%
Hewlett Packard Enterprise Co's return on equity (ROE) has shown fluctuations over the past eight quarters, ranging from a low of 4.28% in Q1 2023 to a high of 18.07% in Q3 2022. The ROE dipped in Q1 and Q2 2023 before showing a slight increase in Q3 and Q4 2023. Overall, the ROE for the most recent quarter, Q1 2024, stands at 8.92%.
The ROE reflects the company's ability to generate profits from shareholders' equity. A higher ROE indicates more effective use of equity to generate earnings. The declining trend observed in Q1 and Q2 2023 may raise concerns about the company's efficiency in utilizing shareholder funds. However, the slight improvement in Q3 and Q4 2023 suggests potential efforts to enhance profitability.
Further analysis is needed to determine the reasons behind these fluctuations in ROE, such as changes in profitability, financial leverage, or asset management. Investors and stakeholders should closely monitor Hewlett Packard Enterprise Co's financial performance to assess its sustainability and growth prospects.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Return on Equity (ROE) (Quarterly Data)