Pure Storage Inc (PSTG)
Return on equity (ROE)
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 106,739 | 61,311 | 61,311 | 73,071 | 73,071 |
| Total stockholders’ equity | US$ in thousands | 1,306,480 | 1,270,090 | 1,270,090 | 941,233 | 941,233 |
| ROE | 8.17% | 4.83% | 4.83% | 7.76% | 7.76% |
January 31, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $106,739K ÷ $1,306,480K
= 8.17%
Based on the provided data, Pure Storage Inc's Return on Equity (ROE) has shown fluctuations over the analyzed period. The ROE was consistent at 7.76% as of January 31 and February 5, 2023. However, there was a decline to 4.83% on January 31 and February 4, 2024. Subsequently, the ROE increased to 8.17% as of January 31, 2025.
The fluctuation in ROE indicates changes in the company's profitability relative to shareholders' equity over time. A higher ROE suggests that the company is effectively utilizing shareholders' equity to generate profits, while a lower ROE may indicate inefficiencies or decreased profitability. It is important for Pure Storage Inc to continue monitoring and analyzing the factors contributing to these fluctuations in ROE to maintain sustainable and improved financial performance.
Peer comparison
Jan 31, 2025