Kenvue Inc. (KVUE)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,664,000 | |||
| Total stockholders’ equity | US$ in thousands | 11,211,000 | 10,893,000 | 11,131,000 | 20,282,000 |
| ROE | 14.84% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,664,000K ÷ $11,211,000K
= 14.84%
Kenvue Inc.'s return on equity (ROE) for the fiscal year ending December 31, 2023, stands at 14.84%. This ratio indicates that for every dollar of shareholders' equity, the company generated a return of approximately 14.84 cents in profit. A higher ROE is generally seen as favorable, suggesting that the company is effectively utilizing its equity to generate earnings. However, it is important to note that the ROE figure should be interpreted in conjunction with other financial metrics and industry benchmarks to assess the company's overall performance and financial health.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROE
Kenvue Inc.
KVUE
14.84%
Colgate-Palmolive Company
CL
377.67%
Coty Inc
COTY
2.34%
ELF Beauty Inc
ELF
19.87%
Estee Lauder Companies Inc
EL
7.70%
Inter Parfums Inc
IPAR
21.83%