Hasbro Inc (HAS)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,489,300 | -557,100 | -256,800 | 120,200 | 203,500 | 414,600 | 538,600 | 373,700 | 428,700 | 451,673 | 419,373 | 408,373 | 222,473 | 384,645 | 376,694 | 424,027 | 520,454 | 261,875 | 312,787 | 359,653 |
| Total stockholders’ equity | US$ in thousands | 1,087,000 | 2,223,200 | 2,470,200 | 2,758,700 | 2,861,900 | 2,999,000 | 3,035,800 | 3,104,200 | 3,087,000 | 3,080,100 | 2,914,900 | 2,983,900 | 2,961,100 | 2,831,300 | 2,666,300 | 2,790,500 | 2,995,530 | 1,840,910 | 1,715,870 | 1,654,530 |
| ROE | -137.01% | -25.06% | -10.40% | 4.36% | 7.11% | 13.82% | 17.74% | 12.04% | 13.89% | 14.66% | 14.39% | 13.69% | 7.51% | 13.59% | 14.13% | 15.20% | 17.37% | 14.23% | 18.23% | 21.74% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-1,489,300K ÷ $1,087,000K
= -137.01%
The return on equity (ROE) for Hasbro, Inc. has displayed significant fluctuations over the last eight quarters. In Q4 2023, the ROE was negative at -140.25%, indicating that the company incurred a net loss that period relative to its shareholders' equity. This is a concerning sign, as it suggests that the company's profitability and efficiency in generating returns for its equity investors were severely impacted.
Prior to this, in Q3 2023, the ROE improved slightly but remained negative at -25.35%. The negative ROE figures in these two quarters suggest a substantial underperformance in turning equity investments into profits.
Throughout 2022, Hasbro, Inc.'s ROE exhibited a gradual decline from 18.05% in Q2 to 12.27% in Q1. However, the ROE was positive during this period, indicating that the company was generating profits relative to its equity base.
The positive ROE values in 2022 contrast starkly with the negative ROE figures in 2023, highlighting a notable deterioration in the company's profitability and efficiency in utilizing shareholder equity.
Overall, the recent negative ROE for Hasbro, Inc. raises concerns about its ability to generate returns for its equity investors. This performance trend warrants further investigation into the company's financial health and operational efficiency to assess the underlying factors contributing to these negative returns on equity.