Intuit Inc (INTU)
Return on equity (ROE)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,963,000 | 2,384,000 | 2,066,000 | 2,062,000 | 1,826,000 |
| Total stockholders’ equity | US$ in thousands | 18,436,000 | 17,269,000 | 16,441,000 | 9,869,000 | 5,106,000 |
| ROE | 16.07% | 13.81% | 12.57% | 20.89% | 35.76% |
July 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,963,000K ÷ $18,436,000K
= 16.07%
Intuit Inc's return on equity (ROE) has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on July 31, 2024, the ROE stood at 16.07%, representing a slight increase compared to the prior year. This indicates that the company generated $16.07 in profit for every dollar of shareholders' equity.
Looking back at the previous years, the ROE was 13.81% in 2023, 12.57% in 2022, 20.89% in 2021, and 35.76% in 2020. The ROE has been relatively stable between 2020 and 2021, before showing a decline in 2022 and then a recovery in 2023 and 2024.
The fluctuation in ROE could be attributed to various factors such as changes in profitability, debt levels, equity structure, or asset management efficiency. Investors and analysts typically view a higher ROE positively as it indicates a company's ability to generate more profits from the shareholders' equity invested in the business.
It is important to conduct a deeper analysis to understand the reasons behind these fluctuations in ROE and assess the overall financial health and performance of Intuit Inc.
Peer comparison
Jul 31, 2024