John B Sanfilippo & Son Inc (JBSS)
Return on equity (ROE)
| 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 60,249 | 64,909 | 67,164 | 64,900 | 62,857 | 65,598 | 61,743 | 58,083 | 61,787 | 56,716 | 59,540 | 66,178 | 59,741 | 57,655 | 56,420 | 53,996 | 54,110 | 55,118 | 51,983 | 45,786 |
| Total stockholders’ equity | US$ in thousands | 322,613 | 321,812 | 307,237 | 287,367 | 292,207 | 292,318 | 275,663 | 269,163 | 278,821 | 254,779 | 241,803 | 228,165 | 242,494 | 230,903 | 244,007 | 223,299 | 238,238 | 243,268 | 228,916 | 234,050 |
| ROE | 18.68% | 20.17% | 21.86% | 22.58% | 21.51% | 22.44% | 22.40% | 21.58% | 22.16% | 22.26% | 24.62% | 29.00% | 24.64% | 24.97% | 23.12% | 24.18% | 22.71% | 22.66% | 22.71% | 19.56% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $60,249K ÷ $322,613K
= 18.68%
John B Sanfilippo & Son Inc has demonstrated a consistent and relatively healthy return on equity (ROE) over the past several quarters. The ROE has ranged from 18.68% to 29.00% during the period under consideration, with an average of around 22%. This indicates that the company is generating a favorable return for shareholders relative to the equity invested in the business.
The upward trend in ROE from 2019 to mid-2022 is a positive indication of the company's efficiency in utilizing shareholders' equity to generate profits. However, there was a slight decrease in ROE in the most recent quarters compared to the peak in mid-2022. This may warrant further investigation into the factors affecting the profitability and efficiency of the company.
Overall, the ROE trend suggests that John B Sanfilippo & Son Inc has been successful in managing its assets and operations to generate profits for shareholders. Continued monitoring of ROE along with other financial indicators would be advisable to assess the company's financial health and performance.
Peer comparison
Jun 30, 2024