Apogee Enterprises Inc (APOG)
Return on equity (ROE)
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 99,613 | 104,107 | 3,486 | 15,436 | 61,914 |
| Total stockholders’ equity | US$ in thousands | 471,025 | 396,408 | 386,199 | 492,745 | 516,778 |
| ROE | 21.15% | 26.26% | 0.90% | 3.13% | 11.98% |
March 2, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $99,613K ÷ $471,025K
= 21.15%
Apogee Enterprises Inc's return on equity (ROE) has varied over the five-year period shown in the table. In the most recent fiscal year ending March 2, 2024, the ROE was 21.15%, which is a decrease from the previous year's ROE of 26.26%. The company experienced a substantial improvement in ROE from the low of 0.90% in the fiscal year ending February 26, 2022, indicating a potential turnaround in profitability. However, the ROE has not yet reached the levels seen in the fiscal year ending February 27, 2021, when it was 3.13%.
The overall trend in Apogee Enterprises Inc's ROE suggests that the company has been able to improve its profitability and efficiency in generating returns for shareholders, although there have been fluctuations over the years. It will be important to monitor future ROE figures to assess the company's ongoing performance and effectiveness in utilizing shareholder equity to generate profits.