The Hain Celestial Group Inc (HAIN)

Return on equity (ROE)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-75,042	-116,537	77,873	77,364	-80,407
Total stockholders’ equity	US$ in thousands	942,913	1,017,910	1,083,170	1,522,880	1,443,550
ROE		-7.96%	-11.45%	7.19%	5.08%	-5.57%

June 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-75,042K ÷ $942,913K
= -7.96%

The return on equity (ROE) of The Hain Celestial Group Inc has fluctuated over the past five years, as evidenced by the following figures:

- June 30, 2024: -7.96%
- June 30, 2023: -11.45%
- June 30, 2022: 7.19%
- June 30, 2021: 5.08%
- June 30, 2020: -5.57%

The negative ROE figures in 2024 and 2023 indicate that the company's net income was insufficient to generate a positive return for its shareholders based on the equity invested. The positive ROE in 2022 and 2021 suggests that the company was able to generate a return higher than its equity, indicating efficient use of shareholder funds. However, the ROE decreased in 2022 compared to 2021, which may indicate a decline in profitability compared to the previous year. The negative ROE in 2020 suggests that the company incurred a net loss that year, resulting in a negative return for shareholders.

Overall, the fluctuating ROE figures indicate that The Hain Celestial Group Inc's performance in generating returns for its shareholders has varied over the past five years. Further analysis would be necessary to understand the factors contributing to these fluctuations and to assess the company's long-term profitability and financial health.