ConAgra Foods Inc (CAG)

Return on equity (ROE)

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Net income	US$ in thousands	347,200	683,600	888,200	1,298,800	840,100
Total stockholders’ equity	US$ in thousands	8,440,400	8,736,800	8,787,700	8,551,800	7,876,100
ROE		4.11%	7.82%	10.11%	15.19%	10.67%

May 26, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $347,200K ÷ $8,440,400K
= 4.11%

ConAgra Foods Inc's return on equity (ROE) has been fluctuating over the past five years. The ROE was 4.11% as of May 26, 2024, a decrease from the previous year's 7.82%. This decline indicates that the company's ability to generate profit from its shareholders' equity has weakened. Compared to two years ago, when the ROE was 10.11%, the current ROE reflects a downward trend in performance. However, it is worth noting that the ROE was higher three years ago at 15.19% and has remained relatively stable since then, despite the recent decline. Overall, the recent ROE of 4.11% suggests that ConAgra Foods Inc may need to focus on improving its profitability and efficiency to enhance shareholder returns in the future.