Buckle Inc (BKE)

Return on equity (ROE)

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Net income (ttm)	US$ in thousands	219,919	228,180	237,804	242,308	254,626	250,699	251,530	252,805	254,820	236,511	215,929	199,192	130,139	111,512	95,861	77,553	104,429	98,585	93,077	92,362
Total stockholders’ equity	US$ in thousands	413,220	474,018	436,536	405,174	376,314	435,607	388,978	353,593	312,924	525,804	477,552	440,098	396,629	442,404	414,307	377,949	389,148	417,338	403,193	397,958
ROE		53.22%	48.14%	54.48%	59.80%	67.66%	57.55%	64.66%	71.50%	81.43%	44.98%	45.22%	45.26%	32.81%	25.21%	23.14%	20.52%	26.84%	23.62%	23.08%	23.21%

February 3, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $219,919K ÷ $413,220K
= 53.22%

The Return on Equity (ROE) for Buckle Inc has shown fluctuations over the time period provided. The company's ROE ranged from a low of 20.52% in May 2020 to a high of 81.43% in January 2022. The trend in ROE indicates that Buckle Inc has generally been able to generate strong returns for its shareholders in recent years, with some fluctuations in performance.

The ROE values above 50% in most periods indicate that Buckle Inc has been efficiently utilizing its equity to generate profits, which is generally a positive sign for investors. The company's ability to consistently achieve ROE values above industry averages demonstrates its profitability and effective management of shareholder equity.

However, it is worth noting that there are periods where the ROE drops significantly, such as in May 2020 and August 2020, which may require further investigation into the reasons behind such declines. Overall, Buckle Inc's ROE performance suggests a generally healthy financial position and effective capital management.