Hawkins Inc (HWKN)
Return on equity (ROE)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 75,363 | 73,144 | 68,992 | 63,776 | 60,041 | 59,005 | 58,476 | 54,609 | 51,542 | 50,046 | 47,763 | 45,820 | 40,980 | 36,662 | 33,288 | 30,348 | 28,367 | 27,375 | 26,958 | 25,117 |
| Total stockholders’ equity | US$ in thousands | 406,026 | 393,754 | 382,656 | 371,001 | 350,016 | 341,160 | 331,414 | 313,277 | 302,601 | 291,694 | 284,313 | 275,205 | 265,246 | 256,915 | 254,637 | 243,429 | 233,484 | 232,211 | 229,435 | 223,392 |
| ROE | 18.56% | 18.58% | 18.03% | 17.19% | 17.15% | 17.30% | 17.64% | 17.43% | 17.03% | 17.16% | 16.80% | 16.65% | 15.45% | 14.27% | 13.07% | 12.47% | 12.15% | 11.79% | 11.75% | 11.24% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $75,363K ÷ $406,026K
= 18.56%
Hawkins Inc's return on equity (ROE) has shown a generally positive trend over the past five quarters, with a consistent increase from 16.80% in September 2021 to 18.56% in March 2024. This indicates that the company's ability to generate profits from shareholders' equity has been improving.
The ROE peaked at 18.58% in December 2023 before slightly dipping in the following quarter. Despite some fluctuations, the overall performance suggests that Hawkins Inc has been effectively utilizing its equity to generate earnings for shareholders.
It is important to note that the ROE was at its lowest point of 11.24% in June 2019, but has since demonstrated a commendable recovery and upward trajectory. This could be a reflection of improved operational efficiency, effective cost management, and potentially strategic investments that have benefited the company's profitability.
Overall, the consistent improvement in ROE indicates a positive trend in Hawkins Inc's financial performance and suggests a healthy return for shareholders in relation to the company's equity.
Peer comparison
Mar 31, 2024