Flowers Foods Inc (FLO)

Return on equity (ROE)

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Net income (ttm)	US$ in thousands	123,416	136,337	223,595	245,424	214,036	204,291	220,121	206,187	222,689	228,184	229,745	152,318	98,713	97,724	92,900	164,538	183,160	179,432	171,779	157,160
Total stockholders’ equity	US$ in thousands	1,351,780	1,374,650	1,470,070	1,461,590	1,443,290	1,434,760	1,459,420	1,411,270	1,411,930	1,425,130	1,413,370	1,372,990	1,351,490	1,336,490	1,320,610	1,263,430	1,293,330	1,294,270	1,267,930	1,258,270
ROE		9.13%	9.92%	15.21%	16.79%	14.83%	14.24%	15.08%	14.61%	15.77%	16.01%	16.26%	11.09%	7.30%	7.31%	7.03%	13.02%	14.16%	13.86%	13.55%	12.49%

December 31, 2023 calculation

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

Flowers Foods Inc's return on equity (ROE) has varied over the past years, ranging from as low as 7.03% to as high as 16.79%. The trend shows fluctuations in the company's ability to generate profits from the shareholders' equity in different periods. In recent years, ROE has generally been in the range of 14-16%, indicating a decent performance in utilizing equity to generate returns. However, there have been lower ROE values in certain periods, such as in 2020 and 2021, which might suggest challenges or inefficiencies in the company's operations or financial management during those times. Overall, the ROE trend for Flowers Foods Inc highlights the importance of consistent profitability and efficient use of equity to drive shareholder value.