Haverty Furniture Companies Inc (HVT)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 56,319 | 89,358 | 90,803 | 59,148 | 21,865 |
| Total stockholders’ equity | US$ in thousands | 308,366 | 289,399 | 255,970 | 252,967 | 260,503 |
| ROE | 18.26% | 30.88% | 35.47% | 23.38% | 8.39% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $56,319K ÷ $308,366K
= 18.26%
Haverty Furniture Companies Inc's return on equity (ROE) has fluctuated over the past five years, ranging from 8.39% in 2019 to 35.47% in 2021. The ROE measures the company's profitability by indicating how efficiently it is generating profits from shareholders' equity. The downward trend from 2021 to 2023 suggests a decreasing ability to generate earnings from the equity invested in the company. While the current ROE of 18.26% in 2023 is a solid return, it is lower compared to previous years, indicating a potential decrease in profitability efficiency. Further analysis should be conducted to understand the underlying reasons for this decline and to determine potential areas for improvement in the company's financial performance.
Peer comparison
Dec 31, 2023