HNI Corp (HNI)
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 | 49,300 | 42,900 | 68,200 | 111,300 | 123,900 | 115,800 | 71,900 | 59,000 | 59,819 | 74,170 | 85,658 | 80,814 | 41,900 | 66,944 | 82,334 | 85,588 | 110,505 | 95,273 | 89,102 | 91,889 |
| Total stockholders’ equity | US$ in thousands | 761,400 | 740,800 | 715,000 | 612,800 | 616,500 | 606,100 | 561,700 | 581,718 | 589,600 | 629,384 | 634,460 | 617,436 | 590,419 | 573,269 | 552,747 | 551,332 | 584,044 | 560,022 | 529,184 | 544,927 |
| ROE | 6.47% | 5.79% | 9.54% | 18.16% | 20.10% | 19.11% | 12.80% | 10.14% | 10.15% | 11.78% | 13.50% | 13.09% | 7.10% | 11.68% | 14.90% | 15.52% | 18.92% | 17.01% | 16.84% | 16.86% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $49,300K ÷ $761,400K
= 6.47%
HNI Corp's return on equity (ROE) has exhibited some fluctuations over the period under review. The ROE ranged from a low of 5.79% to a high of 20.10% during this time frame.
In general, the ROE trended downwards from the end of 2022 to the middle of 2023, hitting a low point of 5.79% in September 2023. Subsequently, there was an upward trend in ROE, reaching a peak of 18.16% in March 2023. This upward trend continued into the end of 2023, with a reported ROE of 6.47%.
The variations in ROE could be attributed to changes in profitability, operational efficiency, financial leverage, and equity management within the company. It would be beneficial to further analyze the underlying financial and operational factors influencing these changes in ROE to gain a deeper understanding of HNI Corp's financial performance.