J & J Snack Foods Corp (JJSF)
Return on equity (ROE)
| Sep 30, 2024 | 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,551 | 87,331 | 86,013 | 79,555 | 78,906 | 65,795 | 46,377 | 42,777 | 47,235 | 48,800 | 62,130 | 64,920 | 55,607 | 43,316 | 1,776 | 3,024 | 18,305 | 37,788 | 81,307 | 94,352 |
| Total stockholders’ equity | US$ in thousands | 956,970 | 937,916 | 915,652 | 912,461 | 911,518 | 886,167 | 858,287 | 859,736 | 863,169 | 855,899 | 849,981 | 845,998 | 845,654 | 835,030 | 813,000 | 808,289 | 809,498 | 810,600 | 833,068 | 842,520 |
| ROE | 9.04% | 9.31% | 9.39% | 8.72% | 8.66% | 7.42% | 5.40% | 4.98% | 5.47% | 5.70% | 7.31% | 7.67% | 6.58% | 5.19% | 0.22% | 0.37% | 2.26% | 4.66% | 9.76% | 11.20% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $86,551K ÷ $956,970K
= 9.04%
The return on equity (ROE) of J & J Snack Foods Corp has shown a fluctuating trend over the past few quarters. In the most recent quarter ending September 30, 2024, the ROE stood at 9.04%, indicating that the company generated a return of 9.04% on every dollar of shareholders' equity. This is a slight decrease from the previous quarter's ROE of 9.31%.
Looking further back, we observe that the ROE has generally been on an upward trajectory since the end of 2021, where it hit a low of 0.22%. The ROE has steadily improved since then, with occasional fluctuations, demonstrating the company's ability to generate higher returns for its shareholders.
The highest ROE of 11.20% was recorded in the second quarter of 2019. This peak was followed by a downward trend before starting an upward climb again. Overall, the company's ROE has shown resilience and a capacity for improvement, suggesting efficient utilization of shareholder equity to generate profits. Further analysis of the company's financial performance and strategies would be necessary to fully understand the factors influencing its ROE fluctuations.