ePlus inc (PLUS)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 115,776 | 119,356 | 105,600 | 74,397 | 69,082 |
| Total stockholders’ equity | US$ in thousands | 901,779 | 782,265 | 660,738 | 562,410 | 486,145 |
| ROE | 12.84% | 15.26% | 15.98% | 13.23% | 14.21% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $115,776K ÷ $901,779K
= 12.84%
ePlus inc's return on equity (ROE) has shown a fluctuating trend over the past five years. In the most recent fiscal year ended on March 31, 2024, the ROE stood at 12.84%, which is a decrease from the previous year's figure of 15.26%. This suggests that the company's ability to generate profits from shareholders' equity has declined.
Comparing the performance to the prior years, ePlus inc's ROE was highest in the fiscal year ended March 31, 2022, at 15.98%. This indicates a strong performance in utilizing equity to generate profits during that period. However, there was a slight decrease in ROE in the following year, indicating a potential decline in performance in fiscal year 2023.
Overall, ePlus inc's ROE has shown some variability in recent years, with fluctuations in performance levels. It is important for investors and analysts to further investigate the factors influencing these variations to assess the company's profitability and efficiency in generating returns for its shareholders.
Peer comparison
Mar 31, 2024