HP Inc (HPQ)
Return on equity (ROE)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,775,000 | 3,263,000 | 3,132,000 | 6,541,000 | 2,844,000 |
| Total stockholders’ equity | US$ in thousands | -1,323,000 | -1,069,000 | -3,025,000 | -1,644,000 | -2,275,000 |
| ROE | — | — | — | — | — |
October 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,775,000K ÷ $-1,323,000K
= —
To calculate HP Inc's return on equity (ROE), we need the following formula: ROE = Net Income / Shareholders' Equity. However, without specific data on the net income and shareholders' equity for the fiscal years provided (2020-2024), we cannot calculate the ROE for HP Inc.
ROE is a key financial ratio that measures a company's profitability by showing how much profit a company generates with the money shareholders have invested. A higher ROE indicates that the company is more efficient at generating profit with shareholders' equity.
To perform a detailed analysis of HP Inc's ROE trends over the years, it would be crucial to obtain the necessary financial information to compute the ratio. ROE analysis helps assess a company's financial performance and its ability to generate profits relative to the equity invested by shareholders.
Peer comparison
Oct 31, 2024