Pure Storage Inc (PSTG)
Return on equity (ROE)
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 61,311 | 73,071 | -143,259 | -282,076 | -200,987 |
| Total stockholders’ equity | US$ in thousands | 1,270,090 | 941,233 | 754,336 | 750,006 | 830,118 |
| ROE | 4.83% | 7.76% | -18.99% | -37.61% | -24.21% |
February 4, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $61,311K ÷ $1,270,090K
= 4.83%
Pure Storage Inc's return on equity (ROE) has been fluctuating over the past five years. In the most recent fiscal year ending Feb 4, 2024, the ROE was 4.83%, indicating a moderate profitability level. This is lower than the previous fiscal year ending Feb 5, 2023, where the ROE stood at 7.76%.
In the fiscal year ending Feb 6, 2022, Pure Storage Inc experienced a significant decline in ROE to -18.99%, reflecting a period of poor financial performance. Prior to that, in the fiscal year ending Jan 31, 2021, the ROE was -37.61%, further indicating substantial losses.
The lowest ROE in the data set was in the fiscal year ending Feb 2, 2020, at -24.21%. Overall, Pure Storage Inc's ROE has shown significant volatility and inconsistency over the past five years, with fluctuations between negative and positive values. Investors and analysts may want to monitor the company's financial performance closely to assess future profitability and sustainability.
Peer comparison
Feb 4, 2024