Micron Technology Inc (MU)

Return on equity (ROE)

		Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Net income (ttm)	US$ in thousands	778,000	-1,539,000	-3,767,000	-6,872,000	-5,833,000	-2,911,000	1,611,000	6,186,000	8,687,000	9,915,000	9,024,000	7,364,000	5,861,000	4,129,000	3,197,000	2,999,000	2,687,000	2,260,000	2,297,000	3,511,000
Total stockholders’ equity	US$ in thousands	45,131,000	44,225,000	43,870,000	42,885,000	44,120,000	45,405,000	47,257,000	49,306,000	49,907,000	49,281,000	47,845,000	45,908,000	43,933,000	42,259,000	40,663,000	39,907,000	38,996,000	37,820,000	37,023,000	36,500,000
ROE		1.72%	-3.48%	-8.59%	-16.02%	-13.22%	-6.41%	3.41%	12.55%	17.41%	20.12%	18.86%	16.04%	13.34%	9.77%	7.86%	7.51%	6.89%	5.98%	6.20%	9.62%

August 29, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $778,000K ÷ $45,131,000K
= 1.72%

The return on equity (ROE) for Micron Technology Inc has varied over the past several quarters. The ROE was positive at 1.72% in August 2024, indicating some profitability for shareholders. However, the ROE had been negative in the preceding quarters, reaching a low of -16.02% in November 2023.

The trend in ROE shows some improvement since the negative ROE values, with an increase to 1.72% in the most recent quarter. This improvement suggests that the company may be generating better returns for its shareholders in the latest period.

Overall, the ROE fluctuated over the past several quarters, but the recent positive ROE indicates a positive trend in terms of profitability and returns for the company's equity holders. It would be important to monitor future ROE values to assess the company's ongoing financial performance.