Core & Main Inc (CNM)
Return on equity (ROE)
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 371,000 | 362,000 | 361,000 | 366,000 | 366,000 | 340,000 | 293,000 | 205,000 | |||
| Total stockholders’ equity | US$ in thousands | 1,451,000 | 1,769,000 | 1,695,000 | 1,628,000 | 1,747,000 | 1,704,000 | 1,550,000 | 1,436,000 | 1,325,000 | 1,223,300 | 1,071,900 |
| ROE | 25.57% | 20.46% | 21.30% | 22.48% | 20.95% | 19.95% | 18.90% | 14.28% |
January 28, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $371,000K ÷ $1,451,000K
= 25.57%
Core & Main Inc has shown a consistent trend in its return on equity (ROE) over the past 11 quarters. The ROE has been gradually increasing from 14.28% in August 2021 to 25.57% in January 2024. This indicates that the company has been effectively utilizing its equity to generate profits for its shareholders. The upward trend in ROE reflects positive financial performance and efficient management of assets and liabilities.
Overall, the increasing trend in ROE suggests that Core & Main Inc is improving its profitability and efficiency in generating returns on the invested equity. Shareholders can view this trend positively as it indicates a healthy financial position and a strong ability to generate profits. Monitoring ROE trends over time can provide insights into the company's financial health and its ability to create value for its shareholders.