B&G Foods Inc (BGS)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-66,198	-44,472	-21,314	-31,611	-11,370	-40,484	39,846	64,141	67,363	84,348	110,414	130,774	131,988	130,075	114,350	87,690	76,389	178,054	178,954	168,679
Total stockholders’ equity	US$ in thousands	835,463	840,639	866,363	861,819	868,166	841,574	940,181	913,966	920,254	830,622	841,605	840,614	831,877	843,376	817,149	796,287	812,542	843,415	868,360	877,119
ROE		-7.92%	-5.29%	-2.46%	-3.67%	-1.31%	-4.81%	4.24%	7.02%	7.32%	10.15%	13.12%	15.56%	15.87%	15.42%	13.99%	11.01%	9.40%	21.11%	20.61%	19.23%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-66,198K ÷ $835,463K
= -7.92%

The return on equity (ROE) for B&G Foods Inc has shown fluctuations over the past few quarters. In the most recent quarter, as of December 31, 2023, the ROE was -7.92%, indicating a negative return on shareholders' equity. This decline from the previous quarter suggests a decrease in profitability or efficiency in generating returns for shareholders.

Looking further back, there has been a general trend of decreasing ROE since the third quarter of 2021 when the ROE was at its peak of 20.61%. This decline could be a cause for concern as it may indicate a reduction in the company's ability to generate profits from its shareholders' equity.

The negative ROE figures in the recent quarters could be a signal of operational challenges or financial difficulties that B&G Foods Inc may be facing. It is important for investors and stakeholders to closely monitor the company's financial performance and management strategies to assess its ability to reverse this trend and improve its return on equity in the future.