Science Applications International Corporation Common Stock (SAIC)
Return on equity (ROE)
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 477,000 | 300,000 | 277,000 | 209,000 | 226,000 |
| Total stockholders’ equity | US$ in thousands | 1,785,000 | 1,694,000 | 1,619,000 | 1,542,000 | 1,417,000 |
| ROE | 26.72% | 17.71% | 17.11% | 13.55% | 15.95% |
February 2, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $477,000K ÷ $1,785,000K
= 26.72%
Science Applications International Corporation Common Stock has demonstrated a positive trend in its return on equity (ROE) over the past five years. The ROE has increased steadily from 15.95% in January 2020 to 26.72% in February 2024, indicating improved efficiency in generating profits from shareholders' equity.
The consistent growth in ROE reflects the company's ability to effectively utilize its shareholders' investments to generate earnings. This suggests that Science Applications International Corporation has been successful in managing its assets, liabilities, and equity to maximize profitability.
A higher ROE indicates that the company is generating more profit with each unit of shareholders' equity, which is generally viewed positively by investors. The increase in ROE over the years implies enhanced financial performance and potential for increased shareholder value.
Overall, the positive trend in Science Applications International Corporation's ROE demonstrates the company's strong financial management and efficiency in utilizing shareholder funds to generate returns, which could be considered favorable for investors evaluating the company's financial health and performance.
Peer comparison
Feb 2, 2024