Grocery Outlet Holding Corp (GO)

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
Net income (ttm) US$ in thousands 79,437 81,220 71,575 67,198 65,052 55,802 55,446 54,992 62,310 79,935 103,270 112,963 106,713 92,281 64,252
Total stockholders’ equity US$ in thousands 1,219,340 1,203,090 1,164,810 1,127,540 1,110,210 1,085,310 1,056,690 1,024,070 1,009,270 994,031 973,883 948,086 922,307 888,826 833,401 784,628 745,384 730,878
ROE 6.51% 6.75% 6.14% 5.96% 5.86% 5.14% 5.25% 5.37% 6.17% 8.04% 10.60% 11.91% 11.57% 10.38% 7.71%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $79,437K ÷ $1,219,340K
= 6.51%

The return on equity (ROE) of Grocery Outlet Holding Corp has demonstrated fluctuations over the last few quarters. ROE measures the profitability of a company by showing how effectively it is generating profit from shareholders' equity.

From Dec 2019 to Dec 2021, the ROE showed a general increasing trend, indicating improving profitability and efficiency in generating returns. However, starting from Jun 2021, there was a noticeable decline in ROE, falling from 10.60% in Jun 2021 to 5.96% in Mar 2023.

The latest ROE for Dec 2023 stands at 6.51%, which suggests a slight improvement compared to the previous quarter. It is important for investors and stakeholders to monitor these trends to understand the company's performance and its ability to generate returns on the shareholders' equity.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROE
Grocery Outlet Holding Corp
GO
6.51%
Kroger Company
KR
18.63%
Sprouts Farmers Market LLC
SFM
22.54%