BJs Wholesale Club Holdings Inc (BJ)

Return on equity (ROE)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Net income	US$ in thousands	523,741	513,177	426,652	421,030	187,176
Total stockholders’ equity	US$ in thousands	1,458,850	1,046,840	648,108	319,327	-54,344
ROE		35.90%	49.02%	65.83%	131.85%	—

February 3, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $523,741K ÷ $1,458,850K
= 35.90%

The return on equity (ROE) of BJs Wholesale Club Holdings Inc has displayed a decreasing trend over the last five years. The ROE stood at 35.90% as of February 3, 2024, which is lower than the figures reported in the previous years - 49.02% on January 28, 2023, 65.83% on January 29, 2022, and a notably high 131.85% on January 30, 2021. It is important to note that the ROE data for February 1, 2020, is not available.

The declining trend in ROE may indicate a decrease in shareholder profitability relative to the company's equity base. Factors such as changes in net income, asset utilization, financial leverage, or shareholder equity may be influencing this trend. It would be important to further investigate the specific reasons behind the decreasing ROE to assess the company's financial performance and sustainability of its profitability in the future.