Apogee Enterprises Inc (APOG)
Return on equity (ROE)
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 99,613 | 104,099 | 100,890 | 104,952 | 104,107 | 67,612 | 54,904 | 15,399 | 3,485 | -22,613 | 3,603 | 23,377 | 15,436 | 69,765 | 47,726 | 49,347 | 61,914 | 37,873 | 44,530 | 45,764 |
| Total stockholders’ equity | US$ in thousands | 471,025 | 455,731 | 432,318 | 410,206 | 396,408 | 377,638 | 356,740 | 327,290 | 386,199 | 473,853 | 476,561 | 497,551 | 492,745 | 547,343 | 526,168 | 504,144 | 516,778 | 514,979 | 503,081 | 484,976 |
| ROE | 21.15% | 22.84% | 23.34% | 25.59% | 26.26% | 17.90% | 15.39% | 4.71% | 0.90% | -4.77% | 0.76% | 4.70% | 3.13% | 12.75% | 9.07% | 9.79% | 11.98% | 7.35% | 8.85% | 9.44% |
March 2, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $99,613K ÷ $471,025K
= 21.15%
Apogee Enterprises Inc's return on equity (ROE) has shown varying trends over the past few quarters. The ROE has ranged from a low of -4.77% in November 2021 to a high of 26.26% in February 2023. The company experienced a significant improvement in ROE from November 2021 to February 2023, indicating an enhancement in profitability and efficiency in utilizing shareholder equity during that period.
Following the peak in February 2023, Apogee's ROE witnessed a gradual decline in subsequent quarters, reaching 21.15% in March 2024. Despite the decrease in ROE, the company has generally maintained a positive return on equity, demonstrating its ability to generate profits from the equity invested by shareholders.
It is essential for Apogee Enterprises Inc to focus on sustaining or improving its ROE to ensure efficient utilization of shareholder funds and to enhance long-term shareholder value. Analyzing the factors that contributed to fluctuations in ROE, such as profitability, asset management, and financial leverage, can provide insights into the company's performance and future prospects.