Kellanova (K)
Return on equity (ROE)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,343,000 | 1,005,000 | 907,000 | 920,000 | 951,000 | 826,000 | 867,000 | 836,000 | 960,000 | 1,491,000 | 1,488,000 | 1,542,000 | 1,488,000 | 1,260,000 | 1,301,000 | 1,272,000 | 1,251,000 | 1,191,000 | 1,090,000 | 1,025,000 |
| Total stockholders’ equity | US$ in thousands | 3,775,000 | 3,650,000 | 3,307,000 | 3,152,000 | 3,175,000 | 4,038,000 | 3,965,000 | 4,052,000 | 3,941,000 | 4,283,000 | 4,082,000 | 3,795,000 | 3,720,000 | 3,484,000 | 3,362,000 | 3,138,000 | 3,112,000 | 3,044,000 | 2,870,000 | 2,674,000 |
| ROE | 35.58% | 27.53% | 27.43% | 29.19% | 29.95% | 20.46% | 21.87% | 20.63% | 24.36% | 34.81% | 36.45% | 40.63% | 40.00% | 36.17% | 38.70% | 40.54% | 40.20% | 39.13% | 37.98% | 38.33% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,343,000K ÷ $3,775,000K
= 35.58%
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability by examining how efficiently it generates profit from its shareholders' equity.
Analyzing Kellanova's ROE over the past few years, we observe fluctuations in the ratio. From March 31, 2020, to December 31, 2022, the ROE showed an increasing trend, reaching a peak of 40.63% by March 31, 2022. This indicates that Kellanova was effectively utilizing its equity to generate profit during this period.
However, starting from June 30, 2022, the ROE began to decline steadily, dropping to 27.43% by June 30, 2024. This decreasing trend suggests that Kellanova's profitability relative to its equity has been weakening over these quarters.
The ratio slightly improved to 35.58% by December 31, 2024, but it is still below the peak levels seen earlier. This indicates that Kellanova may need to focus on strategies to enhance its profitability and efficiency in utilizing shareholder equity to maintain or improve its ROE in the future.
Overall, monitoring Kellanova's ROE can provide insights into the company's performance and its ability to generate returns for its shareholders.
Peer comparison
Dec 31, 2024