Qorvo Inc (QRVO)

Return on equity (ROE)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	-70,322	103,152	1,033,350	733,611	334,325
Total stockholders’ equity	US$ in thousands	3,556,370	3,902,790	4,553,220	4,629,420	4,292,660
ROE		-1.98%	2.64%	22.69%	15.85%	7.79%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-70,322K ÷ $3,556,370K
= -1.98%

Qorvo Inc's return on equity (ROE) has experienced fluctuations over the past five years. In the most recent fiscal year ending on March 31, 2024, the company reported a negative ROE of -1.98%, indicating that the company generated a net loss relative to its shareholders' equity. This contrasts with the positive ROE of 2.64% in the prior year, which suggests a decrease in profitability and efficiency in generating returns for shareholders.

The significant drop in ROE from 22.69% in fiscal year 2022 to 15.85% in fiscal year 2021 may indicate a decline in the company's ability to generate profits from its equity base. However, the ROE has been trending upwards since fiscal year 2020 when it stood at 7.79%.

Overall, Qorvo Inc's ROE performance demonstrates variability over the five-year period, with the recent negative ROE highlighting potential challenges in profitability and efficiency in utilizing shareholders' equity. The company may need to closely monitor and address factors affecting its return on equity to enhance shareholder value and operational performance.