McKesson Corporation (MCK)
Return on equity (ROE)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,002,000 | 2,998,000 | 3,488,000 | 3,750,000 | 3,560,000 | 3,141,000 | 2,055,000 | 1,396,000 | 1,114,000 | 1,412,000 | -4,807,000 | -4,497,000 | -4,539,000 | -4,184,000 | 2,228,000 | 921,000 | 900,000 | -917,000 | -634,000 | 595,000 |
| Total stockholders’ equity | US$ in thousands | -1,971,000 | -2,053,000 | -1,828,000 | -1,602,000 | -1,857,000 | -2,455,000 | -1,767,000 | -2,004,000 | -2,272,000 | -1,274,000 | -571,000 | -529,000 | -21,000 | -477,000 | 5,890,000 | 5,446,000 | 5,092,000 | 6,174,000 | 6,482,000 | 7,874,000 |
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 37.83% | 16.91% | 17.67% | -14.85% | -9.78% | 7.56% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,002,000K ÷ $-1,971,000K
= —
The return on equity (ROE) of McKesson Corporation has shown fluctuations over the past few quarters. The ROE was negative in the first and second quarters of 2020, indicating that the company was not generating returns for its shareholders during that period.
However, the ROE improved in the third quarter of 2020 and continued to increase in the following quarters, reaching a high of 37.83% in the third quarter of 2021. This significant improvement suggests that the company became more efficient in utilizing shareholder equity to generate profits during this period.
In the fourth quarter of 2021 and the first quarter of 2022, the ROE showed a slight decline but remained positive, indicating that the company continued to generate profits for its shareholders, albeit at a slightly lower rate.
Overall, the trend in McKesson Corporation's ROE indicates that the company has been able to enhance its profitability and efficiency in utilizing shareholder equity to generate returns, with some fluctuations in performance over the analyzed period.
Peer comparison
Mar 31, 2024
See also:
McKesson Corporation Return on Equity (ROE) (Quarterly Data)