Bloomin Brands Inc (BLMN)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	247,386	101,907	215,555	-158,715	130,573
Total stockholders’ equity	US$ in thousands	409,122	271,369	216,461	4,145	170,342
ROE		60.47%	37.55%	99.58%	-3,829.07%	76.65%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $247,386K ÷ $409,122K
= 60.47%

The Return on Equity (ROE) for Bloomin Brands Inc has exhibited significant fluctuations over the past five years. In 2023, the ROE stood at 60.47%, reflecting a strong return generated from shareholders' equity. This marks an improvement compared to the 2022 ROE of 37.55%.

The ROE in 2021 was notably high at 99.58%, indicating robust profitability relative to the shareholders' equity during that period. However, in 2020, the ROE sharply declined to -3,913.41%, suggesting that the company operated at a significant loss in relation to its equity base. It is important to investigate the reasons behind this drastic negative figure in 2020 as it raises concerns about the company's financial performance and operational efficiency during that period.

In 2019, the ROE was positive at 76.65%, indicating healthy profitability relative to the shareholders' equity. Overall, the fluctuating trend in ROE over the past five years underscores the importance of analyzing the company's financial performance comprehensively to identify the underlying factors driving these fluctuations and assess the company's overall financial health and efficiency in generating returns for its shareholders.