Burlington Stores Inc (BURL)
Return on equity (ROE)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 339,649 | 230,123 | 408,839 | -216,499 | 465,116 |
| Total stockholders’ equity | US$ in thousands | 996,932 | 794,905 | 760,417 | 464,754 | 528,149 |
| ROE | 34.07% | 28.95% | 53.77% | -46.58% | 88.07% |
February 3, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $339,649K ÷ $996,932K
= 34.07%
Burlington Stores Inc's return on equity (ROE) has exhibited significant fluctuations over the past five years. The ROE for the most recent fiscal year ending February 3, 2024, stands at 34.07%, representing a robust performance. This indicates that for every dollar of shareholders' equity, the company generated a return of 34.07%.
In the prior fiscal year ending January 28, 2023, the ROE was slightly lower at 28.95%, but still reflective of a strong performance. However, in the fiscal year ending January 29, 2022, the ROE spiked to 53.77%, signaling a period of exceptional profitability and efficiency in utilizing shareholders' equity.
The fiscal year ending January 30, 2021, saw a significant drop in ROE to -46.58%, which is concerning as it indicates that the company experienced a negative return on equity, implying that the company's net income was not sufficient to cover its equity base. This could be a red flag for investors and may warrant further investigation into the factors impacting the company's profitability during that period.
On a positive note, in the fiscal year ending February 1, 2020, Burlington Stores Inc recorded an impressive ROE of 88.07%, highlighting a period of exceptional performance and strong profitability relative to shareholders' equity.
Overall, the fluctuation in Burlington Stores Inc's ROE over the past five years indicates varying levels of profitability and efficiency in generating returns for shareholders. Investors and stakeholders may want to delve deeper into the company's financial performance and operational factors to better understand the drivers behind these fluctuations in ROE.
Peer comparison
Feb 3, 2024