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