National Beverage Corp (FIZZ)
Return on equity (ROE)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 176,732 | 176,732 | 142,164 | 142,164 | 158,512 |
| Total stockholders’ equity | US$ in thousands | 559,512 | 559,512 | 372,487 | 372,487 | 239,438 |
| ROE | 31.59% | 31.59% | 38.17% | 38.17% | 66.20% |
April 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $176,732K ÷ $559,512K
= 31.59%
Based on the provided data, the return on equity (ROE) of National Beverage Corp has shown a declining trend over the past few years. In April 2022, the ROE stood at a high level of 66.20%, indicating strong profitability generated from shareholders' equity. However, by April 2024, the ROE had decreased to 31.59%, reflecting a significant drop in the company's ability to generate earnings from its shareholders' investments.
This downward trend in ROE could be concerning as it suggests a potential decrease in the company's efficiency in utilizing equity to generate profits. Investors and stakeholders may want to further investigate the reasons behind this decline in ROE, such as changes in profitability, asset utilization, or leverage. It is essential for National Beverage Corp to closely monitor and address the factors impacting its ROE to sustain long-term profitability and shareholder value.
Peer comparison
Apr 30, 2024