Dick’s Sporting Goods Inc (DKS)
Return on equity (ROE)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,046,520 | 1,043,140 | 1,519,870 | 530,251 | 297,462 |
| Total stockholders’ equity | US$ in thousands | 2,617,280 | 2,524,620 | 2,101,590 | 2,339,530 | 1,731,600 |
| ROE | 39.99% | 41.32% | 72.32% | 22.66% | 17.18% |
February 3, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,046,520K ÷ $2,617,280K
= 39.99%
Based on the historical data provided, Dick’s Sporting Goods Inc has demonstrated varying levels of return on equity (ROE) over the past five years. The ROE for the fiscal year ending February 3, 2024, stood at 39.99%, representing a slight decrease from the prior year's ROE of 41.32%. However, it is important to note that the company's ROE has shown significant fluctuations over this period.
The ROE of 39.99% in 2024 indicates that Dick’s Sporting Goods Inc generated $0.3999 in net income for every dollar of shareholders' equity during the fiscal year. While this figure is slightly lower than the previous year, it still reflects a healthy return for shareholders.
In comparison to earlier years, the ROE of 39.99% in 2024 is notably lower than the exceptionally high ROE of 72.32% in 2022. This suggests that the company may have experienced a decline in profitability or efficiency in converting equity into net income during the most recent fiscal year.
Overall, Dick’s Sporting Goods Inc has exhibited strong performance in terms of ROE over the past five years, with variations reflecting changes in profitability and efficiency. Further analysis of the company's financial statements and operations would be needed to understand the factors contributing to these fluctuations in ROE.
Peer comparison
Feb 3, 2024