Fresh Del Monte Produce Inc (FDP)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -11,400 | 113,400 | 138,300 | 111,800 | 98,600 | 69,100 | 37,100 | 63,100 | 80,000 | 92,100 | 108,200 | 78,900 | 49,200 | 22,500 | 23,200 | 43,400 | 66,500 | 58,300 | 18,700 | -27,300 |
| Total stockholders’ equity | US$ in thousands | 1,896,300 | 2,030,300 | 2,029,400 | 1,940,400 | 1,904,700 | 1,887,800 | 1,861,400 | 1,852,900 | 1,802,300 | 1,810,400 | 1,824,900 | 1,787,800 | 1,728,000 | 1,718,100 | 1,695,200 | 1,686,500 | 1,719,200 | 1,741,000 | 1,743,400 | 1,724,500 |
| ROE | -0.60% | 5.59% | 6.81% | 5.76% | 5.18% | 3.66% | 1.99% | 3.41% | 4.44% | 5.09% | 5.93% | 4.41% | 2.85% | 1.31% | 1.37% | 2.57% | 3.87% | 3.35% | 1.07% | -1.58% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-11,400K ÷ $1,896,300K
= -0.60%
Fresh Del Monte Produce Inc's return on equity (ROE) has shown fluctuations over the past few quarters. The ROE ranged from -0.60% to 6.81% during the period, indicating mixed performance in generating profit from shareholder equity.
The highest ROE of 6.81% was recorded in June 30, 2023, followed closely by 5.93% in June 30, 2021. These periods may indicate more efficient utilization of equity to generate earnings. However, the negative ROE of -0.60% in December 31, 2023, suggests a loss being incurred relative to shareholder investment.
Overall, the ROE trend shows some variability, with average to moderate returns being generated in most quarters. Investors and analysts may need to further investigate the factors driving the fluctuations in ROE to assess the company's profitability and financial health accurately.
Peer comparison
Dec 31, 2023