Haverty Furniture Companies Inc (HVT)
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 | 56,320 | 65,056 | 72,453 | 82,369 | 89,358 | 89,926 | 89,608 | 90,758 | 90,803 | 91,925 | 85,953 | 76,735 | 59,148 | 39,820 | 27,656 | 20,062 | 21,864 | 25,193 | 27,448 | 27,616 |
| Total stockholders’ equity | US$ in thousands | 308,366 | 316,416 | 305,583 | 296,412 | 289,399 | 283,609 | 266,726 | 260,400 | 255,970 | 291,541 | 289,412 | 270,314 | 252,967 | 267,377 | 264,378 | 252,447 | 260,503 | 268,722 | 267,260 | 281,926 |
| ROE | 18.26% | 20.56% | 23.71% | 27.79% | 30.88% | 31.71% | 33.60% | 34.85% | 35.47% | 31.53% | 29.70% | 28.39% | 23.38% | 14.89% | 10.46% | 7.95% | 8.39% | 9.38% | 10.27% | 9.80% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $56,320K ÷ $308,366K
= 18.26%
Haverty Furniture Cos., Inc.'s return on equity (ROE) has exhibited a declining trend over the past eight quarters. The ROE decreased from 34.85% in Q1 2022 to 18.26% in Q4 2023. This indicates a reduction in the company's ability to generate profits from shareholders' equity during this period. The steady decline in ROE may raise concerns about the company's profitability and operational efficiency. Management and investors should closely monitor the factors contributing to this downward trend in ROE and implement strategies to improve the company's financial performance.
Peer comparison
Dec 31, 2023