Kraft Heinz Co (KHC)
Return on equity (ROE)
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,855,000 | 2,988,000 | 3,158,000 | 2,423,000 | 2,363,000 | 1,216,000 | 1,517,000 | 1,225,000 | 1,012,000 | 2,301,000 | 2,165,000 | 541,000 | 356,000 | -494,000 | -192,000 | 1,908,000 | 1,935,000 | -10,815,000 | -11,095,000 | -10,790,000 |
| Total stockholders’ equity | US$ in thousands | 49,526,000 | 49,276,000 | 49,814,000 | 49,153,000 | 48,678,000 | 48,148,000 | 48,796,000 | 49,644,000 | 49,298,000 | 50,089,000 | 49,997,000 | 50,288,000 | 50,103,000 | 49,218,000 | 49,040,000 | 51,009,000 | 51,623,000 | 51,673,000 | 51,543,000 | 51,703,000 |
| ROE | 5.76% | 6.06% | 6.34% | 4.93% | 4.85% | 2.53% | 3.11% | 2.47% | 2.05% | 4.59% | 4.33% | 1.08% | 0.71% | -1.00% | -0.39% | 3.74% | 3.75% | -20.93% | -21.53% | -20.87% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,855,000K ÷ $49,526,000K
= 5.76%
The return on equity (ROE) for Kraft Heinz Co has shown fluctuation over the past several quarters. ROE is a key financial ratio that measures the profitability of a company by calculating how much profit a company generates in relation to its shareholders' equity.
From December 2019 to December 2023, Kraft Heinz Co's ROE varied significantly, ranging from a low of -21.53% in September 2019 to a high of 6.34% in June 2023. The ROE has generally been improving since hitting negative values in late 2019 and early 2020.
Overall, the upward trend in ROE indicates an improvement in the company's ability to generate profits relative to its shareholders' equity. However, the fluctuations in ROE suggest potential volatility in the company's profitability and efficiency in utilizing equity to generate returns for shareholders. Further analysis of the company's financial performance and strategic initiatives may be necessary to fully understand the factors driving these fluctuations in ROE.
Peer comparison
Dec 31, 2023