Intuit Inc (INTU)
Return on equity (ROE)
| Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,963,000 | 3,072,000 | 2,770,000 | 2,585,000 | 2,384,000 | 2,239,000 | 1,946,000 | 1,878,000 | 2,066,000 | 2,502,000 | 2,172,000 | 2,092,000 | 2,062,000 | 2,127,000 | 1,747,000 | 1,967,000 | 1,826,000 | 1,337,000 | 1,631,000 | 1,580,000 |
| Total stockholders’ equity | US$ in thousands | 18,436,000 | 18,757,000 | 16,908,000 | 16,992,000 | 17,269,000 | 17,592,000 | 15,842,000 | 16,067,000 | 16,441,000 | 16,961,000 | 15,595,000 | 9,733,000 | 9,869,000 | 9,955,000 | 8,868,000 | 5,245,000 | 5,106,000 | 4,740,000 | 3,727,000 | 3,633,000 |
| ROE | 16.07% | 16.38% | 16.38% | 15.21% | 13.81% | 12.73% | 12.28% | 11.69% | 12.57% | 14.75% | 13.93% | 21.49% | 20.89% | 21.37% | 19.70% | 37.50% | 35.76% | 28.21% | 43.76% | 43.49% |
July 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,963,000K ÷ $18,436,000K
= 16.07%
Intuit Inc's return on equity (ROE) has shown a relatively stable performance over the past several quarters. The ROE ranged from a low of 11.69% in Oct 31, 2022, to a high of 43.76% in Oct 31, 2019. The company's ROE has generally been above 10%, indicating that it has been effectively utilizing its shareholders' equity to generate profits.
In recent quarters, Intuit Inc's ROE has been consistently above 15%, with the latest reported ROE of 16.07% in Jul 31, 2024. This suggests that the company is efficiently generating profits relative to its equity base.
The upward trend in ROE from Jan 31, 2022, to Jul 31, 2024, indicates an improvement in the company's profitability and efficiency in managing its assets. However, it is worth noting the significant decrease in ROE in the earlier periods such as Oct 31, 2020, and Jul 31, 2020, which might require further investigation to understand the underlying factors.
Overall, Intuit Inc's ROE performance demonstrates its ability to generate returns for its shareholders and suggests effective management of the company's assets and operations.
Peer comparison
Jul 31, 2024