Crocs Inc (CROX)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 792,566 | 676,715 | 669,039 | 616,942 | 540,159 | 557,277 | 541,417 | 700,056 | 725,694 | 754,171 | 662,571 | 400,168 | 312,861 | 149,444 | 123,231 | 105,878 | 119,497 | 88,698 | 63,514 | 58,693 |
| Total stockholders’ equity | US$ in thousands | 1,453,920 | 1,200,260 | 1,189,690 | 968,500 | 817,931 | 630,802 | 491,965 | 349,170 | 14,082 | 352,831 | 358,764 | 326,231 | 290,633 | 227,987 | 156,884 | 94,029 | 131,905 | 117,524 | 111,936 | 122,945 |
| ROE | 54.51% | 56.38% | 56.24% | 63.70% | 66.04% | 88.34% | 110.05% | 200.49% | 5,153.34% | 213.75% | 184.68% | 122.66% | 107.65% | 65.55% | 78.55% | 112.60% | 90.59% | 75.47% | 56.74% | 47.74% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $792,566K ÷ $1,453,920K
= 54.51%
Crocs Inc's return on equity (ROE) has exhibited a decreasing trend over the last two years. The ROE for Q4 2023 stands at 54.51%, showing a decline from the previous quarter's ROE of 56.38%. This downward trend is consistent with the ROE figures from earlier quarters in 2023, where ROE decreased successively from Q2 to Q4.
Comparing the current ROE of 54.51% in Q4 2023 to the same quarter in the previous year, Q4 2022, there has been a noticeable decrease from 66.04% to 54.51%. The ROE has more than halved over this one-year period, reflecting a significant decline in profitability in relation to shareholders' equity.
It is worth noting that Crocs Inc's ROE has experienced substantial fluctuations in recent quarters, with particularly high ROE figures in Q2 2022 and Q1 2022, indicating exceptional profitability and efficiency during those periods. However, the ROE has since declined significantly, signifying potential challenges in sustaining high profitability levels.
In conclusion, Crocs Inc's ROE performance has shown a declining trend, suggesting a decrease in the company's ability to generate profits from shareholders' equity. Further analysis into the factors influencing this downward trajectory is recommended to assess the company's financial health and performance in the future.
Peer comparison
Dec 31, 2023