Walgreens Boots Alliance Inc (WBA)
Return on equity (ROE)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -6,037,000 | 574,000 | -3,080,000 | -3,315,000 | -3,144,000 | -2,964,000 | 4,337,000 | 5,379,000 | 6,287,000 | 6,430,000 | 2,542,000 | 2,288,000 | -617,000 | -697,000 | 456,000 | 760,000 | 3,493,000 | 3,703,000 | 3,981,000 | 4,816,000 |
| Total stockholders’ equity | US$ in thousands | 13,484,000 | 19,481,000 | 20,020,000 | 21,063,000 | 21,192,000 | 20,576,000 | 25,275,000 | 26,253,000 | 26,702,000 | 26,263,000 | 23,419,000 | 22,101,000 | 21,112,000 | 20,059,000 | 20,637,000 | 20,736,000 | 23,720,000 | 23,661,000 | 23,512,000 | 24,133,000 |
| ROE | -44.77% | 2.95% | -15.38% | -15.74% | -14.84% | -14.41% | 17.16% | 20.49% | 23.55% | 24.48% | 10.85% | 10.35% | -2.92% | -3.47% | 2.21% | 3.67% | 14.73% | 15.65% | 16.93% | 19.96% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-6,037,000K ÷ $13,484,000K
= -44.77%
The return on equity (ROE) for Walgreens Boots Alliance Inc has shown significant fluctuations over the past 20 quarters. The company experienced a negative ROE of -44.77% in February 2024, indicating that for every dollar of shareholders' equity, the company incurred a loss. This was a stark contrast to the positive ROE of 2.95% in November 2023.
The ROE trend for Walgreens Boots Alliance Inc has been inconsistent, with alternating periods of negative and positive returns. The company faced challenges in achieving profitability as seen in several quarters with negative ROE figures, while also demonstrating periods of profitability with ROE ranging between 10.35% to 24.48%.
Furthermore, the ROE peaked at 24.48% in November 2021, signaling a relatively strong performance in generating returns for shareholders during that period. However, there was no sustained upward trajectory in ROE, as it fluctuated in subsequent quarters.
Overall, the ROE performance of Walgreens Boots Alliance Inc indicates volatility and variability in its ability to generate returns for shareholders, suggesting the need for continued analysis and strategic management to enhance profitability and investor confidence.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Return on Equity (ROE) (Quarterly Data)