Apogee Enterprises Inc (APOG)
Return on equity (ROE)
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 85,052 | 99,613 | 99,613 | 104,107 | 104,107 |
| Total stockholders’ equity | US$ in thousands | 487,898 | 471,025 | 471,025 | 396,408 | 396,408 |
| ROE | 17.43% | 21.15% | 21.15% | 26.26% | 26.26% |
February 28, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $85,052K ÷ $487,898K
= 17.43%
Based on the data provided, the return on equity (ROE) for Apogee Enterprises Inc has shown a gradual decline over the years.
As of February 25, 2023, the ROE was 26.26%, which remained constant until February 28, 2023. However, by February 29, 2024, the ROE decreased to 21.15%, and it remained at that level until March 2, 2024.
The most significant drop in ROE occurred by February 28, 2025, when it fell to 17.43%. This decline in ROE indicates that the company's profitability in relation to shareholder equity has been decreasing over time.
It is essential for Apogee Enterprises Inc to analyze the factors contributing to this decline and implement strategies to improve its return on equity in order to enhance shareholder value and sustainable growth.