ePlus inc (PLUS)
Return on equity (ROE)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 115,776 | 126,647 | 135,059 | 130,864 | 119,356 | 110,747 | 101,477 | 104,421 | 105,600 | 96,908 | 92,122 | 80,555 | 74,397 | 72,090 | 70,002 | 70,254 | 69,082 | 70,888 | 66,202 | 64,107 |
| Total stockholders’ equity | US$ in thousands | 901,779 | 877,753 | 845,696 | 813,291 | 782,265 | 746,420 | 705,645 | 676,288 | 660,738 | 639,296 | 613,603 | 583,619 | 562,410 | 545,009 | 523,070 | 502,725 | 486,145 | 472,486 | 450,289 | 428,643 |
| ROE | 12.84% | 14.43% | 15.97% | 16.09% | 15.26% | 14.84% | 14.38% | 15.44% | 15.98% | 15.16% | 15.01% | 13.80% | 13.23% | 13.23% | 13.38% | 13.97% | 14.21% | 15.00% | 14.70% | 14.96% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $115,776K ÷ $901,779K
= 12.84%
The return on equity (ROE) for ePlus inc has fluctuated over the past 20 quarters, ranging from 12.84% to 16.09%. The trend indicates some degree of stability in the company's ability to generate profits from shareholders' equity. Despite slight variations, the ROE has generally remained within the range of 13% to 16%, with occasional peaks and dips.
The overall performance suggests that ePlus inc has been effectively utilizing its equity to generate returns for shareholders. The ROE figures demonstrate a consistent track record of profitability, with the company maintaining an above-average performance compared to its peers in the industry.
It is essential for stakeholders to continue monitoring ePlus inc's ROE to assess the company's financial health and efficiency in utilizing its equity capital. The variations observed in the ROE figures could be attributed to factors such as changes in business strategy, operational efficiency, or economic conditions impacting the company's performance.
Peer comparison
Mar 31, 2024