Hanesbrands Inc (HBI)
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 | -17,726 | -513,775 | -394,875 | -280,310 | -127,204 | 350,937 | 422,613 | 459,188 | 77,224 | -314,973 | -363,472 | -330,967 | -75,579 | 441,571 | 523,384 | 511,758 | 600,720 | 565,762 | 551,480 | 541,952 |
| Total stockholders’ equity | US$ in thousands | 419,353 | 274,036 | 347,960 | 339,526 | 398,264 | 674,884 | 712,171 | 779,416 | 702,493 | 636,569 | 562,190 | 484,481 | 813,958 | 1,149,530 | 1,079,320 | 873,571 | 1,236,600 | 1,118,090 | 1,025,390 | 932,991 |
| ROE | -4.23% | -187.48% | -113.48% | -82.56% | -31.94% | 52.00% | 59.34% | 58.91% | 10.99% | -49.48% | -64.65% | -68.31% | -9.29% | 38.41% | 48.49% | 58.58% | 48.58% | 50.60% | 53.78% | 58.09% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-17,726K ÷ $419,353K
= -4.23%
Hanesbrands Inc's return on equity (ROE) has shown significant fluctuations over the past few quarters. The ROE was negative in the recent quarter at -4.23%, indicating that the company generated a loss in relation to its equity.
The drastic negative ROE of -187.48% in the quarter just before indicates a substantial decline in profitability and efficiency. Additionally, negative ROEs in the preceding quarters suggest ongoing challenges in generating returns for shareholders.
However, it is worth noting that the company had positive ROEs in the quarters prior to the recent downturn, with figures ranging from 10.99% to 59.34%. The peak ROE of 59.34% suggests a period of strong performance in effectively utilizing equity to generate profits.
Overall, the inconsistent ROE performance of Hanesbrands Inc indicates fluctuations in profitability and efficiency, highlighting the importance of closely monitoring the company's financial management and operational strategies.