National Vision Holdings Inc (EYE)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -65,901 | 42,122 | 128,244 | 36,277 | 32,798 |
| Total stockholders’ equity | US$ in thousands | 829,418 | 901,113 | 925,980 | 906,502 | 776,437 |
| ROE | -7.95% | 4.67% | 13.85% | 4.00% | 4.22% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-65,901K ÷ $829,418K
= -7.95%
National Vision Holdings Inc's return on equity (ROE) has exhibited fluctuations over the past five years. ROE was negative at -7.95% for the year ending December 31, 2023, indicating that the company generated a net loss relative to its shareholders' equity. This contrasts with the positive ROE values in the preceding years, which were 4.67% in 2022, 13.85% in 2021, 4.00% in 2020, and 4.22% in 2019. The significant drop in ROE from 2021 to 2023 suggests a decline in the company's profitability and efficiency in generating returns for its shareholders. Further analysis of the company's financial performance and factors influencing ROE would be necessary to understand the underlying reasons for this trend.
Peer comparison
Dec 31, 2023