Lowe's Companies Inc (LOW)

Return on equity (ROE)

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019	Feb 1, 2019
Net income (ttm)	US$ in thousands	6,424,000	5,558,000	6,777,000	6,437,000	6,686,000	8,428,000	8,454,000	8,442,000	8,213,000	7,009,000	6,819,000	5,835,000	5,367,000	5,724,000	4,572,000	4,281,000	2,947,000	2,527,000	2,371,000	2,313,000
Total stockholders’ equity	US$ in thousands	-15,050,000	-15,147,000	-14,732,000	-14,254,000	-12,868,000	-8,442,000	-6,877,000	-4,816,000	-1,576,000	-175,000	445,000	1,437,000	4,073,000	4,356,000	1,716,000	1,972,000	2,458,000	2,640,000	3,236,000	3,644,000
ROE		—	—	—	—	—	—	—	—	—	—	1,532.36%	406.05%	131.77%	131.40%	266.43%	217.09%	119.89%	95.72%	73.27%	63.47%

February 2, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $6,424,000K ÷ $-15,050,000K
= —

Lowe's Companies Inc has exhibited a fluctuating trend in return on equity (ROE) over the past several quarters. The ROE figure, which was not available for the earlier dates provided in the table, notably increased to 63.47% as of February 1, 2019, and has since demonstrated significant growth.

Notably, the ROE surged to 1,532.36% by April 30, 2021, and continued to be elevated at 406.05% by January 29, 2022. These high ROE percentages suggest that Lowe's has been efficiently utilizing its equity to generate profits for its shareholders.

The ROE then moderated to 131.77% by October 30, 2022, and remained relatively stable around this level in subsequent quarters. Although the percentage values have decreased from the peak levels, they continue to indicate solid performance in terms of generating returns on equity for the company.

Overall, the fluctuating ROE trend of Lowe's reflects varying levels of profitability and efficiency in utilizing shareholder equity over the given period. This metric is crucial for investors and analysts in assessing the company's ability to generate profits from the funds invested by its shareholders.