Calavo Growers Inc (CVGW)
Return on equity (ROE)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -11,543 | -8,344 | -3,753 | -9,079 | -5,275 | -6,250 | -15,889 | -30,170 | -21,138 | -11,818 | 7,364 | 4,709 | -7,410 | -13,625 | -14,641 | 11,598 | 31,221 | 36,646 | 30,105 | 31,852 |
| Total stockholders’ equity | US$ in thousands | 201,131 | 208,837 | 217,695 | 211,868 | 215,487 | 222,356 | 224,656 | 222,601 | 222,031 | 225,515 | 257,882 | 270,357 | 260,294 | 254,530 | 267,970 | 282,754 | 285,386 | 284,181 | 297,440 | 285,953 |
| ROE | -5.74% | -4.00% | -1.72% | -4.29% | -2.45% | -2.81% | -7.07% | -13.55% | -9.52% | -5.24% | 2.86% | 1.74% | -2.85% | -5.35% | -5.46% | 4.10% | 10.94% | 12.90% | 10.12% | 11.14% |
January 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-11,543K ÷ $201,131K
= -5.74%
Calavo Growers Inc's return on equity (ROE) has shown fluctuating trends over the past several quarters. The ROE has been negative for most of the periods, with values ranging from -13.55% to -1.72%. This indicates that the company has not been generating satisfactory returns on the equity investments of its shareholders during those periods. However, there have been a few positive ROE values, reaching as high as 12.90%, suggesting periods of better performance. Overall, the company's ROE has displayed volatility, and investors may need to closely monitor its operations and financial performance to assess the sustainability of its returns.