Helen of Troy Ltd (HELE)
Return on equity (ROE)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 168,594 | 162,040 | 137,968 | 141,259 | 143,273 | 146,887 | 170,744 | 191,387 | 223,764 | 206,142 | 214,614 | 250,632 | 253,946 | 228,619 | 213,163 | 171,925 | 152,333 | 192,754 | 173,525 | 171,447 |
| Total stockholders’ equity | US$ in thousands | 1,637,440 | 1,586,280 | 1,501,880 | 1,514,910 | 1,488,810 | 1,457,070 | 1,398,350 | 1,356,420 | 1,327,340 | 1,354,960 | 1,267,820 | 1,202,080 | 1,239,350 | 1,210,440 | 1,308,530 | 1,221,750 | 1,161,720 | 1,161,680 | 1,087,380 | 1,036,180 |
| ROE | 10.30% | 10.22% | 9.19% | 9.32% | 9.62% | 10.08% | 12.21% | 14.11% | 16.86% | 15.21% | 16.93% | 20.85% | 20.49% | 18.89% | 16.29% | 14.07% | 13.11% | 16.59% | 15.96% | 16.55% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $168,594K ÷ $1,637,440K
= 10.30%
The return on equity (ROE) of Helen of Troy Ltd has fluctuated over the past several quarters. ROE measures a company's profitability by evaluating how effectively it is using shareholders' equity to generate profits.
From February 29, 2024, to May 31, 2023, the ROE remained relatively stable ranging from 9.19% to 9.62%. It then showed an increase from August 31, 2022, to August 31, 2021, where the ROE consistently improved from 12.21% to 20.85%. This indicates that during this period, the company was effectively leveraging its equity to generate higher returns.
However, from February 28, 2021, to May 31, 2020, there was a decline in ROE from 20.49% to 13.11%. This decline suggests a decrease in the company's ability to generate profits using shareholders' equity.
Overall, Helen of Troy Ltd's ROE has shown some variability, indicating fluctuations in its profitability and efficiency in utilizing shareholder funds. It is important for investors and stakeholders to closely monitor ROE trends to assess the company's financial health and performance.