Kroger Company (KR)
Return on equity (ROE)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,164,000 | 2,244,000 | 1,655,000 | 2,585,000 | 1,659,000 |
| Total stockholders’ equity | US$ in thousands | 11,615,000 | 10,042,000 | 9,452,000 | 9,576,000 | 8,602,000 |
| ROE | 18.63% | 22.35% | 17.51% | 26.99% | 19.29% |
February 3, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,164,000K ÷ $11,615,000K
= 18.63%
Kroger Company's return on equity (ROE) has fluctuated over the past five years. In the most recent fiscal year ending February 3, 2024, the ROE was 18.63%, a decrease from the prior year's 22.35%. The company's ROE was also lower than the 2021 and 2020 levels, which were 17.51% and 26.99%, respectively. However, the ROE in 2024 was higher than the one recorded in February 1, 2020, which stood at 19.29%.
This variability in ROE indicates fluctuations in Kroger's profitability in relation to shareholders' equity. It is essential for the company to assess the underlying factors driving these changes to ensure sustainable value creation for its investors. Further analysis of Kroger's financial performance and strategies may provide insights into the drivers of its ROE fluctuations and help in determining the company's overall financial health and efficiency in utilizing shareholders' equity to generate profits.
Peer comparison
Feb 3, 2024