The Hain Celestial Group Inc (HAIN)

Return on equity (ROE)

		Jun 30, 2024	Mar 31, 2024	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	-75,042	-90,804	-158,337	-133,836	-116,537	-94,796	45,462	65,385	77,873	115,316	125,039	96,290	77,364	40,118	30,203	27,099	-80,407	-97,197	-187,373	-252,910
Total stockholders’ equity	US$ in thousands	942,913	944,487	995,821	980,994	1,017,910	1,006,480	1,108,640	1,041,400	1,083,170	1,144,040	1,263,860	1,348,760	1,522,880	1,501,680	1,454,650	1,436,580	1,443,550	1,439,050	1,521,080	1,470,940
ROE		-7.96%	-9.61%	-15.90%	-13.64%	-11.45%	-9.42%	4.10%	6.28%	7.19%	10.08%	9.89%	7.14%	5.08%	2.67%	2.08%	1.89%	-5.57%	-6.75%	-12.32%	-17.19%

June 30, 2024 calculation

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

The Return on Equity (ROE) of The Hain Celestial Group Inc has exhibited fluctuations over the past few quarters. The company experienced negative ROE figures in the most recent quarters, with ROE ranging from -7.96% to -15.90%. This indicates that the company's net income generated has not been sufficient to cover the shareholders' equity during these periods.

However, looking further back, there was a positive trend in ROE from the end of 2021 through to the middle of 2022, with ROE figures ranging from 5.08% to 10.08%. During this time, the company was generating favorable returns for its shareholders relative to the equity invested, showcasing its profitability and efficiency in utilizing its equity.

Overall, the recent negative ROE figures suggest a decline in the company's profitability and efficiency in generating returns for its shareholders. It would be important for the company to analyze the reasons behind this decline and implement strategies to improve its profitability and ROE in the future.