NetScout Systems Inc (NTCT)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -147,734 | 59,648 | 35,874 | 19,352 | -2,754 |
| Total stockholders’ equity | US$ in thousands | 1,892,060 | 2,029,650 | 2,060,400 | 2,005,780 | 1,937,920 |
| ROE | -7.81% | 2.94% | 1.74% | 0.96% | -0.14% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-147,734K ÷ $1,892,060K
= -7.81%
NetScout Systems Inc's return on equity (ROE) has displayed fluctuations over the past five years. It declined to -7.81% as of March 31, 2024, indicating a negative return for that fiscal year. This contrasts with the positive returns seen in the prior two years, with ROE at 2.94% in 2023 and 1.74% in 2022. However, both these figures were still significantly lower than the current industry average for similar companies. The company's ROE has been trending upwards since 2020, when it was at -0.14%, reflecting an improvement in financial performance and efficiency in utilizing shareholders' equity to generate profit. Further analysis of NetScout Systems Inc's financial statements and operational strategies may provide insights into the factors influencing these ROE fluctuations.
Peer comparison
Mar 31, 2024