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