Synopsys Inc (SNPS)

Return on equity (ROE)

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	1,407,464	1,229,888	1,034,198	920,572	942,443	984,594	1,032,541	1,008,561	908,858	757,516	753,524	807,789	722,631	664,347	627,606	474,624	482,914	532,367	625,981	605,461
Total stockholders’ equity	US$ in thousands	6,670,980	6,147,310	5,958,560	5,831,860	5,636,750	5,515,720	5,604,030	5,564,310	5,386,770	5,295,140	5,151,020	5,088,140	4,882,250	4,907,400	4,595,920	4,275,090	4,148,830	4,083,010	3,933,810	3,909,570
ROE		21.10%	20.01%	17.36%	15.79%	16.72%	17.85%	18.42%	18.13%	16.87%	14.31%	14.63%	15.88%	14.80%	13.54%	13.66%	11.10%	11.64%	13.04%	15.91%	15.49%

January 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,407,464K ÷ $6,670,980K
= 21.10%

Synopsys, Inc.'s return on equity (ROE) has shown a generally positive trend over the past eight quarters. The ROE has ranged from 15.79% to 21.10% during this period.

The Q1 2024 ROE of 21.10% represents a slight increase compared to the previous quarter's ROE of 20.01%. This indicates that the company generated $21.10 in net income for every dollar of shareholder equity, reflecting improved profitability.

Overall, Synopsys, Inc.'s ROE performance reflects the company's ability to efficiently utilize shareholders' equity to generate profits. The consistent and relatively high ROE figures suggest that the company is effectively managing its assets to create value for shareholders. However, further analysis of the company's financial statements and performance metrics would provide a more comprehensive understanding of its financial health and strategic direction.