Caleres Inc (CAL)

Return on equity (ROE)

Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019
Net income (ttm) US$ in thousands 171,391 156,393 148,725 165,960 181,742 174,787 195,163 181,381 137,019 26,189 -19,016 -87,129 -439,114 -361,730 -348,160 -292,102 62,819 -13,041 -11,875 -13,570
Total stockholders’ equity US$ in thousands 560,631 513,382 464,992 446,317 420,683 398,444 379,133 352,236 318,570 301,098 240,697 202,869 200,247 256,671 242,240 282,296 645,950 650,840 623,429 627,236
ROE 30.57% 30.46% 31.98% 37.18% 43.20% 43.87% 51.48% 51.49% 43.01% 8.70% -7.90% -42.95% -219.29% -140.93% -143.73% -103.47% 9.73% -2.00% -1.90% -2.16%

February 3, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $171,391K ÷ $560,631K
= 30.57%

Return on equity (ROE) is a key financial ratio that measures a company's profitability relative to its shareholders' equity. Looking at the historical ROE data of Caleres Inc, there are notable fluctuations over the past few quarters.

In the most recent period, the ROE stands at 30.57%, showing a consistent level of profitability compared to the preceding quarter, where it was 30.46%. This indicates that the company is effectively generating profits from the shareholders' equity invested in the business.

Going further back, in the third quarter of 2023, the ROE increased to 31.98%, demonstrating a slightly higher level of profitability. Notably, the ROE peaked in the second quarter of 2022 at 51.48% and 51.49% in consecutive quarters. During this period, Caleres Inc was highly profitable relative to the equity invested by shareholders.

However, the company experienced a significant decline in profitability in the following quarters, with ROE dropping to negative values in early 2021. The drastic downturn in ROE in the first quarter of 2021 and subsequent quarters indicates challenges or losses faced by the company during that period.

Overall, the ROE trend of Caleres Inc reflects fluctuations in profitability over time, with periods of strong performance followed by significant declines. Investors and analysts should closely monitor these fluctuations and investigate the underlying factors impacting the company's profitability to make informed decisions.


Peer comparison

Feb 3, 2024