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.