Core & Main Inc (CNM)
Return on equity (ROE)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 411,000 | 410,000 | 340,000 | 333,000 | 350,000 | 397,000 | 444,000 | 465,000 | 407,000 | 351,000 | 352,000 | 330,000 | 391,000 | 423,000 | 449,000 | 386,000 | 299,000 | 277,400 | 167,400 | 145,900 |
| Total stockholders’ equity | US$ in thousands | 1,698,000 | 1,671,000 | 1,644,000 | 1,570,000 | 1,451,000 | 1,451,000 | 1,769,000 | 1,769,000 | 1,695,000 | 1,695,000 | 1,628,000 | 1,747,000 | 1,747,000 | 1,704,000 | 1,704,000 | 1,550,000 | 1,436,000 | 1,436,000 | 1,325,000 | 1,325,000 |
| ROE | 24.20% | 24.54% | 20.68% | 21.21% | 24.12% | 27.36% | 25.10% | 26.29% | 24.01% | 20.71% | 21.62% | 18.89% | 22.38% | 24.82% | 26.35% | 24.90% | 20.82% | 19.32% | 12.63% | 11.01% |
January 31, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $411,000K ÷ $1,698,000K
= 24.20%
The return on equity (ROE) of Core & Main Inc has shown a varying trend over the past few years. Starting at 11.01% in January 2022, the ROE increased consistently to reach its peak at 27.36% in January 2024. However, after reaching this peak, the ROE saw a slight decline to 24.20% in January 2025.
Throughout the period under review, Core & Main Inc demonstrated a generally healthy ROE performance, achieving double-digit figures consistently. The increasing trend till January 2024 indicates that the company was efficiently utilizing its equity to generate profits for shareholders. Although there was a slight dip in the ROE thereafter, it remained above 20%, reflecting a strong performance in generating profit from shareholder equity.
Overall, the ROE trajectory of Core & Main Inc suggests effective management of shareholder equity and the company's ability to generate returns for its investors. An ROE above 20% is generally considered favorable as it signifies that the company is generating a significant profit relative to its shareholder investments. Further analysis of the company's financial statements and performance indicators would provide more insights into the factors driving the fluctuation in ROE over the period.