Micron Technology Inc (MU)
Return on equity (ROE)
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 778,000 | -5,833,000 | 8,687,000 | 5,861,000 | 2,687,000 |
| Total stockholders’ equity | US$ in thousands | 45,131,000 | 44,120,000 | 49,907,000 | 43,933,000 | 38,996,000 |
| ROE | 1.72% | -13.22% | 17.41% | 13.34% | 6.89% |
August 29, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $778,000K ÷ $45,131,000K
= 1.72%
Micron Technology Inc's return on equity (ROE) has experienced fluctuations over the past five years. In the latest fiscal year, ending on August 29, 2024, the ROE stood at 1.72%, reflecting a modest return for shareholders. Prior to that, the company reported a negative ROE of -13.22% on August 31, 2023, indicating a period of unprofitability and inefficiency in generating returns on shareholder equity.
However, looking back to September 1, 2022, Micron Technology Inc demonstrated a strong ROE of 17.41%, showcasing efficient utilization of shareholder equity to generate profits. This was followed by a slightly lower ROE of 13.34% on September 2, 2021, which still indicated a positive trend in generating returns for investors.
Furthermore, on September 3, 2020, the company reported an ROE of 6.89%, showing a steady improvement in profitability over the years. Overall, the fluctuating ROE figures suggest varying levels of profitability and efficiency in utilizing shareholder equity by Micron Technology Inc. Further analysis and monitoring of ROE trends can help stakeholders assess the company's financial performance and its ability to generate returns for shareholders.
Peer comparison
Aug 29, 2024