John B Sanfilippo & Son Inc (JBSS)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 60,249 | 62,857 | 61,787 | 59,741 | 54,110 |
| Total stockholders’ equity | US$ in thousands | 322,613 | 292,207 | 278,821 | 242,494 | 238,238 |
| ROE | 18.68% | 21.51% | 22.16% | 24.64% | 22.71% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $60,249K ÷ $322,613K
= 18.68%
The return on equity (ROE) for John B Sanfilippo & Son Inc has been declining over the past five years. The ROE was 18.68% as of June 30, 2024, compared to 21.51% in the previous year, and 22.16% in the year before that. This downward trend indicates that the company's profitability in relation to shareholders' equity has been decreasing. The ROE of 18.68% in 2024 may raise concerns about the company's ability to generate sufficient returns for its equity holders. Further analysis of the company's financial statements and operations is recommended to understand the reasons behind this declining ROE trend and to identify areas for potential improvement.
Peer comparison
Jun 30, 2024