Henry Schein Inc (HSIC)
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 | 416,000 | 445,000 | 458,000 | 478,000 | 538,000 | 638,000 | 650,000 | 646,000 | 631,000 | 626,839 | 606,536 | 439,739 | 404,000 | 591,770 | 590,630 | 715,959 | 695,481 | 482,649 | 432,862 | 428,966 |
| Total stockholders’ equity | US$ in thousands | 3,655,000 | 3,651,000 | 3,560,000 | 3,472,000 | 3,446,000 | 3,611,000 | 3,594,000 | 3,592,000 | 3,425,000 | 3,457,990 | 3,360,270 | 3,358,170 | 3,348,170 | 3,155,270 | 2,991,090 | 2,974,580 | 2,998,040 | 2,829,530 | 2,827,280 | 2,796,920 |
| ROE | 11.38% | 12.19% | 12.87% | 13.77% | 15.61% | 17.67% | 18.09% | 17.98% | 18.42% | 18.13% | 18.05% | 13.09% | 12.07% | 18.75% | 19.75% | 24.07% | 23.20% | 17.06% | 15.31% | 15.34% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $416,000K ÷ $3,655,000K
= 11.38%
Henry Schein Inc's return on equity (ROE) has shown fluctuations over the years. The ROE has ranged from a low of 11.38% in Dec 31, 2023 to a high of 24.07% in Mar 31, 2020. Overall, the trend has been somewhat declining since 2020. The company experienced a significant peak in ROE in 2020, followed by a gradual decrease in subsequent periods.
The ROE values indicate that Henry Schein Inc has been able to generate decent returns for its shareholders relative to its equity base. The ROE metrics above 15% suggest that the company has been efficiently utilizing its equity to generate profits. However, the decreasing trend in ROE over the years may raise concerns about the company's profitability and efficiency in utilizing shareholder equity.
It is important for investors and analysts to closely monitor Henry Schein Inc's ROE performance in conjunction with other financial metrics to assess the company's overall financial health and performance. Further analysis and comparison with industry peers may provide additional insights into Henry Schein Inc's competitive position and potential for future growth.
Peer comparison
Dec 31, 2023