Boot Barn Holdings Inc (BOOT)
Return on equity (ROE)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 146,996 | 163,966 | 161,114 | 165,488 | 170,553 | 168,857 | 185,316 | 191,123 | 192,450 | 172,289 | 132,624 | 100,521 | 59,386 | 40,563 | 35,816 | 37,738 | 47,949 | 50,917 | 45,128 | 41,982 |
| Total stockholders’ equity | US$ in thousands | 943,643 | 910,945 | 852,386 | 813,696 | 776,450 | 729,210 | 673,937 | 639,534 | 599,676 | 553,279 | 481,257 | 439,877 | 394,891 | 362,608 | 330,034 | 322,546 | 321,693 | 313,939 | 285,149 | 275,695 |
| ROE | 15.58% | 18.00% | 18.90% | 20.34% | 21.97% | 23.16% | 27.50% | 29.88% | 32.09% | 31.14% | 27.56% | 22.85% | 15.04% | 11.19% | 10.85% | 11.70% | 14.91% | 16.22% | 15.83% | 15.23% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $146,996K ÷ $943,643K
= 15.58%
Boot Barn Holdings Inc's return on equity (ROE) has shown some fluctuations over the past several periods. The ROE was relatively stable and strong in 2020 and the first half of 2021, ranging from 15.04% to 32.09%. However, in the second half of 2021 and throughout 2022, the ROE experienced a declining trend, dropping to as low as 10.85% in September 2022.
Subsequently, the ROE started to recover, reaching 18.90% in September 2023 and peaking at 32.09% in March 2022, reflecting an improvement in the company's profitability and efficiency in generating returns for its shareholders. However, after hitting the peak in March 2022, the ROE started to decline again, reaching 15.58% in March 2024.
Overall, Boot Barn Holdings Inc has demonstrated a mixed performance in terms of ROE over the past few quarters, with periods of both strength and weakness. It would be important for stakeholders to monitor the company's financial performance closely to understand the factors contributing to these fluctuations and assess the sustainability of its return on equity.
Peer comparison
Mar 31, 2024