Dollar General Corporation (DG)

Return on equity (ROE)

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019
Net income (ttm)	US$ in thousands	1,661,274	1,918,596	2,168,517	2,377,712	2,415,989	2,354,287	2,315,151	2,274,140	2,399,232	2,444,542	2,531,771	2,682,353	2,655,050	2,547,744	2,339,034	1,977,988	1,712,555	1,660,359	1,628,951	1,609,633
Total stockholders’ equity	US$ in thousands	6,749,120	6,451,880	6,297,700	5,935,250	5,541,770	6,093,810	6,188,490	5,961,620	6,261,990	6,189,800	6,137,140	6,249,920	6,661,240	6,985,520	7,356,070	7,209,450	6,702,500	6,648,300	6,749,160	6,572,670
ROE		24.61%	29.74%	34.43%	40.06%	43.60%	38.63%	37.41%	38.15%	38.31%	39.49%	41.25%	42.92%	39.86%	36.47%	31.80%	27.44%	25.55%	24.97%	24.14%	24.49%

February 2, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,661,274K ÷ $6,749,120K
= 24.61%

The return on equity (ROE) of Dollar General Corporation has shown a generally increasing trend over the past few years, reflecting the company's ability to generate higher profits from shareholders' equity. The ROE increased from 24.49% in May 2019 to a peak of 43.60% in February 2023, indicating strong profitability and efficient use of equity investments during this period.

However, the ROE has experienced some fluctuations since then, with a slight decrease to 24.61% in February 2024. This may suggest that Dollar General Corporation's profitability has somewhat diminished compared to its peak performance. Nevertheless, the ROE remains above 20%, indicating that the company continues to deliver a decent return on shareholders' equity.

Overall, Dollar General Corporation's ROE performance demonstrates a mix of strengths and challenges in its profitability and efficiency in utilizing equity capital. Further analysis of the company's financial and operational performance would be beneficial to understand the factors driving these fluctuations in ROE.