Core & Main Inc (CNM)
Return on equity (ROE)
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 411,000 | 371,000 | 371,000 | 581,000 | 366,000 |
| Total stockholders’ equity | US$ in thousands | 1,698,000 | 1,451,000 | 1,451,000 | 1,747,000 | 1,747,000 |
| ROE | 24.20% | 25.57% | 25.57% | 33.26% | 20.95% |
January 31, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $411,000K ÷ $1,698,000K
= 24.20%
Core & Main Inc's return on equity (ROE) has shown some fluctuations over the years. In January 2023, the ROE was at 20.95%, indicating that for every dollar of shareholders' equity, the company generated a return of 20.95%. This figure increased significantly to 33.26% by January 2023, suggesting improved profitability and efficiency in utilizing shareholders' equity.
Subsequently, in January 2024, the ROE decreased to 25.57%, but remained consistent in the following year at the same level. This indicates that the company maintained a stable level of profitability relative to its equity base during these periods.
Overall, Core & Main Inc's ROE trend reflects a mix of strong performance and stability, suggesting effective management of funds and resources to generate returns for its shareholders. However, there may be opportunities for further enhancement to ensure sustained profitability and value creation in the future.