The Gap, Inc. (GAP)
Return on equity (ROE)
| Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 767,000 | 678,000 | 502,000 | 44,000 | 108,000 | -58,000 | -202,000 | 55,000 | -379,000 | -72,000 | 256,000 | 506,000 | 753,000 | 433,000 | -665,000 | -1,083,000 | -1,038,000 | -808,000 | 351,000 | 811,000 |
| Total stockholders’ equity | US$ in thousands | 2,901,000 | 2,707,000 | 2,595,000 | 2,460,000 | 2,263,000 | 2,185,000 | 2,233,000 | 2,571,000 | 2,305,000 | 2,454,000 | 2,722,000 | 2,787,000 | 3,020,000 | 2,806,000 | 2,614,000 | 2,371,000 | 2,253,000 | 2,317,000 | 3,316,000 | 3,634,000 |
| ROE | 26.44% | 25.05% | 19.34% | 1.79% | 4.77% | -2.65% | -9.05% | 2.14% | -16.44% | -2.93% | 9.40% | 18.16% | 24.93% | 15.43% | -25.44% | -45.68% | -46.07% | -34.87% | 10.59% | 22.32% |
August 3, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $767,000K ÷ $2,901,000K
= 26.44%
The return on equity (ROE) of The Gap, Inc. has fluctuated significantly over the past several quarters.
The ROE was relatively high in the most recent quarter, standing at 26.44%, indicating that the company generated a strong return for its shareholders relative to the equity invested. This represents an improvement from the previous quarter's ROE of 25.05%.
Looking further back, the company's ROE experienced a sharp decline in the quarter ending May 2, 2020, where it dropped to -46.07%. This negative ROE suggests that the company was not efficiently utilizing its shareholders' equity to generate profits.
Overall, The Gap, Inc.'s ROE has been volatile, with fluctuations ranging from positive double digits to negative double digits. It is important for investors and stakeholders to closely monitor the company's financial performance and operational efficiency to understand the drivers behind these fluctuations in ROE.
Peer comparison
Aug 3, 2024