Fresh Del Monte Produce Inc (FDP)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 142,200 | -11,400 | 98,600 | 80,000 | 49,200 |
| Total stockholders’ equity | US$ in thousands | 1,990,500 | 1,896,300 | 1,904,700 | 1,802,300 | 1,728,000 |
| ROE | 7.14% | -0.60% | 5.18% | 4.44% | 2.85% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $142,200K ÷ $1,990,500K
= 7.14%
The return on equity (ROE) of Fresh Del Monte Produce Inc has shown some fluctuations over the years.
In 2020, the ROE was 2.85%, indicating that the company generated a moderate return relative to its shareholders' equity. This figure increased to 4.44% in 2021 and further to 5.18% in 2022, showing an improvement in the company's ability to generate profits from shareholders' investments.
However, there was a slight decline in 2023, with the ROE falling to -0.60%. A negative ROE typically indicates that the company did not generate profits or even incurred a net loss compared to its shareholders' equity during that period.
Nevertheless, Fresh Del Monte Produce Inc managed to bounce back in 2024, achieving an ROE of 7.14%. This increase suggests that the company became more efficient in utilizing shareholder funds to generate profits.
Overall, the company's ROE performance has been varied, with both positive and negative outcomes over the years, indicating fluctuations in profitability and efficiency in utilizing shareholders' equity. It is essential for investors to assess the company's financial health and growth prospects comprehensively before making investment decisions.
Peer comparison
Dec 31, 2024