Western Digital Corporation (WDC)

Return on equity (ROE)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-798,000	-1,684,000	1,500,000	821,000	-250,000
Total stockholders’ equity	US$ in thousands	10,818,000	10,964,000	12,221,000	10,721,000	9,551,000
ROE		-7.38%	-15.36%	12.27%	7.66%	-2.62%

June 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-798,000K ÷ $10,818,000K
= -7.38%

Western Digital Corporation's return on equity (ROE) has fluctuated over the past five years, indicating varying levels of profitability relative to shareholders' equity.

- In 2024, the ROE stood at -7.38%, reflecting a negative return for that year. This represents a decline from the prior year's -15.36% ROE, indicating a slight improvement in profitability performance.

- The positive ROE of 12.27% in 2022 suggests a relatively strong profitability position, marking a significant increase from the 7.66% ROE in 2021. This improvement demonstrates the company's ability to generate profit from shareholders' equity.

- The negative ROE of -2.62% in 2020 implies a loss relative to shareholders' equity for that period, albeit less negative than the subsequent years.

Overall, Western Digital Corporation's ROE has shown significant volatility, with both positive and negative trends in profitability performance over the past five years. Further analysis is needed to understand the factors driving these fluctuations in ROE.