Grocery Outlet Holding Corp (GO)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 79,437 | 65,052 | 62,310 | 106,713 | 15,419 |
| Total stockholders’ equity | US$ in thousands | 1,219,340 | 1,110,210 | 1,009,270 | 922,307 | 745,384 |
| ROE | 6.51% | 5.86% | 6.17% | 11.57% | 2.07% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $79,437K ÷ $1,219,340K
= 6.51%
The return on equity (ROE) of Grocery Outlet Holding Corp has shown variability over the past five years. In 2023, the ROE was 6.51%, which was higher than the ROE of 5.86% in 2022 but lower than the ROE of 6.17% in 2021. However, it was significantly lower than the ROE of 11.57% in 2020. The ROE in 2019 was the lowest at 2.07%.
The fluctuation in ROE indicates varying levels of profitability and efficiency in generating returns for shareholders over the period. The downward trend from 2020 to 2023 may suggest challenges in maintaining or increasing levels of profitability and efficiency. Further analysis of the company's financial performance and factors impacting ROE would provide insights into the reasons behind these fluctuations and any potential areas for improvement.
Peer comparison
Dec 31, 2023