Sanmina Corporation (SANM)

Return on equity (ROE)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	222,536	309,970	240,384	249,546	139,713
Total stockholders’ equity	US$ in thousands	2,196,620	2,168,950	56,325	1,878,630	1,623,370
ROE		10.13%	14.29%	426.78%	13.28%	8.61%

September 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $222,536K ÷ $2,196,620K
= 10.13%

Sanmina Corporation's return on equity (ROE) has exhibited fluctuations over the past five years. In the latest period ending September 30, 2024, the ROE stood at 10.13%, showing a decrease compared to the previous year's ROE of 14.29%. The significant increase in ROE in 2022, reaching 426.78%, may be attributed to specific events or accounting adjustments that impacted the denominator of the ROE formula. Despite the variability in ROE, Sanmina Corporation has generally maintained positive returns on equity, indicating its ability to generate profits relative to shareholders' equity during the period. Further analysis of the company's financial performance and factors driving these fluctuations would be necessary to gain deeper insights into Sanmina Corporation's ROE trends.