Hershey Co (HSY)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,221,239 | 1,773,690 | 1,845,966 | 2,072,055 | 1,861,787 | 1,909,041 | 1,789,951 | 1,698,524 | 1,644,817 | 1,584,077 | 1,629,517 | 1,615,191 | 1,477,512 | 1,433,343 | 1,435,699 | 1,403,370 | 1,278,708 | 1,194,508 | 1,072,532 | 1,116,471 |
| Total stockholders’ equity | US$ in thousands | 4,714,650 | 4,204,970 | 4,009,870 | 4,108,290 | 4,099,090 | 3,967,640 | 3,694,780 | 3,458,360 | 3,299,540 | 3,083,080 | 2,891,740 | 2,915,550 | 2,757,230 | 2,528,290 | 2,265,050 | 2,255,990 | 2,237,880 | 2,065,850 | 1,753,600 | 1,671,230 |
| ROE | 47.11% | 42.18% | 46.04% | 50.44% | 45.42% | 48.12% | 48.45% | 49.11% | 49.85% | 51.38% | 56.35% | 55.40% | 53.59% | 56.69% | 63.38% | 62.21% | 57.14% | 57.82% | 61.16% | 66.81% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,221,239K ÷ $4,714,650K
= 47.11%
Hershey Co's return on equity (ROE) has shown a downward trend over the past few years based on the provided data. Starting at 66.81% in March 2020, the ROE gradually decreased to 47.11% by December 2024.
The ROE peaked in the first quarter of 2021 at 62.21% and 63.38% in subsequent quarter but then began to decline. This decline may indicate challenges in generating profit from shareholders' equity or managing assets efficiently.
It is essential to further investigate the reasons behind this downward trend in ROE to assess the company's overall financial performance and the effectiveness of its capital utilization strategies.
Peer comparison
Dec 31, 2024