Fox Factory Holding Corp (FOXF)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 120,846 | 169,754 | 185,232 | 198,995 | 205,278 | 190,053 | 187,332 | 178,109 | 168,045 | 162,107 | 152,043 | 120,376 | 90,640 | 81,366 | 72,867 | 83,180 | 93,033 | 90,646 | 85,471 | 80,919 |
| Total stockholders’ equity | US$ in thousands | 1,221,760 | 1,241,300 | 1,205,800 | 1,164,250 | 1,121,390 | 1,055,130 | 1,001,930 | 949,084 | 894,082 | 850,040 | 804,369 | 762,291 | 719,171 | 683,927 | 633,064 | 429,706 | 422,200 | 396,620 | 369,180 | 339,421 |
| ROE | 9.89% | 13.68% | 15.36% | 17.09% | 18.31% | 18.01% | 18.70% | 18.77% | 18.80% | 19.07% | 18.90% | 15.79% | 12.60% | 11.90% | 11.51% | 19.36% | 22.04% | 22.85% | 23.15% | 23.84% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $120,846K ÷ $1,221,760K
= 9.89%
Fox Factory Holding Corp's return on equity (ROE) has shown a general upward trend over the past few years, with fluctuations in the range of 9.89% to 23.84%. The ROE was at its lowest point of 9.89% at the end of December 2023, but had previously peaked at 23.84% at the end of December 2019. The ROE has displayed variability, potentially indicating changing profitability and efficiency of the company in generating profit from shareholder equity.
While the ROE has experienced some fluctuations, it has generally remained above 10% for the majority of the periods analyzed, with a peak above 20% in some instances. This suggests that the company has been effectively utilizing its equity to generate profit for shareholders during these periods.
It is important to note that a higher ROE generally indicates a more efficient use of shareholder equity to generate profit. Investors and analysts often look at ROE as a key metric to assess a company's profitability and efficiency. Fox Factory Holding Corp's ROE trends over time can provide insights into the company's financial performance and management effectiveness in utilizing shareholder funds.
Peer comparison
Dec 31, 2023