NVIDIA Corporation (NVDA)
Return on equity (ROE)
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,760,000 | 4,368,000 | 9,752,000 | 4,332,000 | 2,796,000 |
| Total stockholders’ equity | US$ in thousands | 42,978,000 | 22,101,000 | 26,612,000 | 16,893,000 | 12,204,000 |
| ROE | 69.24% | 19.76% | 36.65% | 25.64% | 22.91% |
January 28, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $29,760,000K ÷ $42,978,000K
= 69.24%
NVIDIA Corp has exhibited fluctuating return on equity (ROE) over the past five years, ranging from a low of 19.76% in January 2023 to a high of 69.24% in January 2024. This indicates that the company has experienced significant variations in its profitability relative to shareholders' equity during this period. The ROE performance in January 2024 improved substantially compared to previous years, suggesting enhanced efficiency in generating profits from shareholders' investments. However, it is essential to delve deeper into the company's financial statements and operational activities to understand the drivers behind these changes in ROE.
Peer comparison
Jan 28, 2024