Fresh Del Monte Produce Inc (FDP)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -11,400 | 98,600 | 80,000 | 49,200 | 66,500 |
| Total stockholders’ equity | US$ in thousands | 1,896,300 | 1,904,700 | 1,802,300 | 1,728,000 | 1,719,200 |
| ROE | -0.60% | 5.18% | 4.44% | 2.85% | 3.87% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-11,400K ÷ $1,896,300K
= -0.60%
Fresh Del Monte Produce Inc's return on equity (ROE) has exhibited fluctuations over the past five years.
In 2023, the company experienced a negative ROE of -0.60%, indicating that the company's net income was insufficient to generate a positive return for its shareholders relative to the equity invested. This negative ROE may raise concerns about the company's profitability and efficiency in utilizing its shareholders' equity.
The ROE improved significantly in 2022 to 5.18%, suggesting that the company was able to generate a positive return on the shareholders' equity invested during that year. This improvement could be attributed to better financial management, increased profitability, or effective utilization of resources.
In 2021 and 2020, the ROE remained relatively stable at 4.44% and 2.85%, respectively. Although the ROE was positive during these years, it was at a modest level, indicating that the company's profitability and efficiency in utilizing equity were moderate.
The ROE decreased slightly in 2019 to 3.87%, indicating a decrease in the company's ability to generate returns on shareholders' equity compared to the previous year.
Overall, the fluctuating trend in Fresh Del Monte Produce Inc's ROE over the past five years suggests varying levels of profitability and efficiency in utilizing shareholders' equity. Investors and stakeholders may need to further evaluate the company's financial performance and operational strategies to understand the factors driving these ROE fluctuations.
Peer comparison
Dec 31, 2023