Foot Locker Inc (FL)
Return on equity (ROE)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -330,000 | 78,000 | 146,000 | 245,000 | 342,000 | 426,000 | 488,000 | 824,000 | 893,000 | 913,000 | 1,020,000 | 635,000 | 323,000 | 334,000 | 194,000 | 209,000 | 491,000 | 515,000 | 520,000 | 548,000 |
| Total stockholders’ equity | US$ in thousands | 2,890,000 | 3,205,000 | 3,247,000 | 3,283,000 | 3,293,000 | 3,259,000 | 3,217,000 | 3,215,000 | 3,243,000 | 3,342,000 | 3,341,000 | 2,930,000 | 2,776,000 | 2,652,000 | 2,403,000 | 2,314,000 | 2,473,000 | 2,427,000 | 2,512,000 | 2,602,000 |
| ROE | -11.42% | 2.43% | 4.50% | 7.46% | 10.39% | 13.07% | 15.17% | 25.63% | 27.54% | 27.32% | 30.53% | 21.67% | 11.64% | 12.59% | 8.07% | 9.03% | 19.85% | 21.22% | 20.70% | 21.06% |
February 3, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-330,000K ÷ $2,890,000K
= -11.42%
The return on equity (ROE) of Foot Locker Inc has displayed fluctuations over the past several quarters. After experiencing a negative ROE of -11.42% in the most recent period, the company's ROE improved to 2.43% in the preceding quarter. This upward trend continued with further growth to 4.50% in the quarter before that.
However, the most significant increase in ROE was observed in the quarter ending April 30, 2022, where the ROE surged to 25.63%. This heightened level of ROE was sustained over the subsequent quarters, reaching a peak of 30.53% in the quarter ending July 31, 2021.
Subsequently, the ROE experienced a decline but stayed above 20% for several quarters. The ROE figures for the most recent quarters indicate that there has been some volatility in the company's profitability and efficiency in generating returns for its shareholders.
Overall, Foot Locker Inc's ROE has shown variability over the analyzed periods, with periods of strong performance followed by fluctuations and occasional declines. An in-depth analysis would be necessary to understand the underlying factors driving these changes and to assess the sustainability of the company's returns to its equity holders.
Peer comparison
Feb 3, 2024