H B Fuller Company (FUL)
Return on equity (ROE)
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 154,009 | 144,907 | 148,223 | 157,093 | 163,895 | 180,312 | 182,890 | 168,009 | 169,908 | 161,393 | 151,113 | 161,104 | 143,615 | 123,719 | 115,329 | 123,440 | 128,468 | 130,817 | 139,948 | 127,960 |
| Total stockholders’ equity | US$ in thousands | 1,767,520 | 1,755,200 | 1,726,440 | 1,682,490 | 1,633,470 | 1,610,170 | 1,578,090 | 1,614,150 | 1,645,250 | 1,596,770 | 1,567,290 | 1,562,630 | 1,441,620 | 1,381,320 | 1,313,390 | 1,218,370 | 1,221,600 | 1,222,350 | 1,175,600 | 1,162,580 |
| ROE | 8.71% | 8.26% | 8.59% | 9.34% | 10.03% | 11.20% | 11.59% | 10.41% | 10.33% | 10.11% | 9.64% | 10.31% | 9.96% | 8.96% | 8.78% | 10.13% | 10.52% | 10.70% | 11.90% | 11.01% |
March 2, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $154,009K ÷ $1,767,520K
= 8.71%
ROE is a key financial metric that measures a company's profitability and efficiency in generating returns for its shareholders based on the equity invested by them. Looking at the historical trend of H B Fuller Company's ROE, we observe some fluctuations over the past several quarters.
The ROE has ranged from a low of 8.26% to a high of 11.90% over the observed period. The company's ROE has generally been above 8% and peaked at 11.90% in the Nov 30, 2019 quarter, indicating strong profitability and efficiency in utilizing shareholder equity to generate earnings.
However, there have been periods of slight decline in ROE, such as in the Mar 2, 2024 quarter where it decreased to 8.71%. This suggests a potential decrease in profitability and efficiency compared to previous periods.
Overall, the company has shown a reasonable level of ROE, demonstrating its ability to generate profits relative to shareholders' equity. It is important for investors and analysts to monitor any trends or changes in ROE over time to assess the company's performance and financial health.