McKesson Corporation (MCK)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,002,000 | 3,560,000 | 1,114,000 | -4,539,000 | 900,000 |
| Total stockholders’ equity | US$ in thousands | -1,971,000 | -1,857,000 | -2,272,000 | -21,000 | 5,092,000 |
| ROE | — | — | — | — | 17.67% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $3,002,000K ÷ $-1,971,000K
= —
Unfortunately, without specific numerical values for each year, a detailed analysis of McKesson Corporation's return on equity (ROE) trend cannot be provided. However, based on the available information, it is noted that the ROE for the fiscal year ending March 31, 2020 was 17.67%. It is essential to consider the trend of ROE over multiple years to assess the company's performance in generating profits from shareholders' equity. An increasing trend in ROE signifies improved efficiency in utilizing equity to generate earnings, while a declining trend may indicate potential inefficiencies or financial challenges. Additional data for comparison across multiple years would be necessary to conduct a more in-depth analysis of McKesson Corporation's ROE performance.
Peer comparison
Mar 31, 2024