Flowers Foods Inc (FLO)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	123,416	228,394	206,187	152,318	164,538
Total stockholders’ equity	US$ in thousands	1,351,780	1,443,290	1,411,270	1,372,990	1,263,430
ROE		9.13%	15.82%	14.61%	11.09%	13.02%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $123,416K ÷ $1,351,780K
= 9.13%

Flowers Foods Inc's return on equity (ROE) has fluctuated over the past five years, ranging from 9.13% in 2023 to 15.82% in 2022. The ROE measures the company's profitability relative to shareholders' equity and indicates how effectively the company is utilizing its equity to generate profits. The downward trend in ROE from 2022 to 2023 suggests a potential decrease in the company's ability to generate profits from shareholders' equity. It is important for investors to monitor ROE trends to assess the company's performance and management's ability to generate returns for shareholders. Flowers Foods Inc may need to investigate the factors contributing to the decrease in ROE in 2023 to address any challenges and improve overall profitability.