Micron Technology Inc (MU)
Return on equity (ROE)
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 778,000 | 778,000 | -5,833,000 | 8,687,000 | 8,687,000 |
| Total stockholders’ equity | US$ in thousands | 45,131,000 | 45,131,000 | 44,120,000 | 49,907,000 | 49,907,000 |
| ROE | 1.72% | 1.72% | -13.22% | 17.41% | 17.41% |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $778,000K ÷ $45,131,000K
= 1.72%
Based on the historical data provided, Micron Technology Inc's return on equity (ROE) has shown variability over the last few years.
In August 31, 2022, and September 1, 2022, the ROE stood consistent at 17.41%, indicating a healthy return generated on the shareholders' equity during that period.
However, in August 31, 2023, the ROE dropped significantly to -13.22%, reflecting a period where the company's net income was not sufficient to cover the shareholders' equity, resulting in a negative return.
By August 29, 2024, and August 31, 2024, the ROE recovered to 1.72%, showing a slight improvement from the negative figure the year before. This indicates that the company might have made some positive changes to its operations to increase the return generated on shareholders' equity.
Overall, the fluctuation in Micron Technology Inc's ROE suggests that the company has experienced some challenges in maintaining a consistent and positive return on equity in recent years. Further analysis of the company's financial performance and operational strategies would be needed to understand the factors impacting its ROE dynamics.
Peer comparison
Aug 31, 2024