Floor & Decor Holdings Inc (FND)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 245,980 | 298,195 | 283,230 | 194,981 | 150,631 |
| Total stockholders’ equity | US$ in thousands | 1,930,990 | 1,657,180 | 1,323,200 | 997,388 | 764,336 |
| ROE | 12.74% | 17.99% | 21.40% | 19.55% | 19.71% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $245,980K ÷ $1,930,990K
= 12.74%
Floor & Decor Holdings Inc's return on equity (ROE) has shown a downward trend over the past five years. In 2023, the ROE was 12.74%, declining from 17.99% in 2022, 21.40% in 2021, and 19.55% in 2020. Moreover, comparing the recent ROE with the figure from 2019, which stood at 19.71%, indicates a consistent decline in ROE over the period.
This declining trend in ROE suggests a decrease in the company's profitability with respect to shareholders' equity. It is essential for investors to further investigate this trend to understand the factors contributing to the decline in ROE and to assess the company's financial health and performance.
Peer comparison
Dec 31, 2023