ConAgra Foods Inc (CAG)

Return on equity (ROE)

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Net income (ttm)	US$ in thousands	347,200	952,000	985,100	1,080,800	683,600	805,000	681,700	575,300	888,200	1,038,800	1,101,800	1,205,200	1,298,800	1,190,700	1,113,700	995,300	840,100	765,200	802,800	673,900
Total stockholders’ equity	US$ in thousands	8,440,400	9,154,900	9,004,000	8,884,500	8,736,800	8,866,400	8,666,300	8,504,300	8,787,700	8,774,600	8,679,000	8,557,000	8,551,800	8,251,800	8,392,000	8,121,400	7,876,100	7,785,000	7,612,100	7,440,100
ROE		4.11%	10.40%	10.94%	12.17%	7.82%	9.08%	7.87%	6.76%	10.11%	11.84%	12.70%	14.08%	15.19%	14.43%	13.27%	12.26%	10.67%	9.83%	10.55%	9.06%

May 26, 2024 calculation

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

ConAgra Foods Inc's return on equity (ROE) has fluctuated over the past few quarters. ROE measures a company's profitability by determining how much profit a company generates with the money shareholders have invested.

Looking at the ROE data provided, we can see that there has been variability in ConAgra's ROE performance. In the most recent quarter, the ROE was 4.11%, which is lower compared to the previous quarter's ROE of 10.40%. This decrease in ROE may indicate a decline in profitability or an increase in equity relative to net income.

Over the past eight quarters, the ROE has ranged from 4.11% to 15.19%, with the highest ROE recorded in the quarter ending in May 2021. This indicates that the company has experienced periods of both stronger and weaker profitability relative to shareholders' equity.

It is important to further investigate the factors driving the fluctuations in ConAgra's ROE to understand the underlying performance of the company. Other financial metrics and qualitative factors should also be considered to provide a comprehensive analysis of ConAgra Foods Inc's overall financial health and performance.