Macy’s Inc (M)
Return on equity (ROE)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,000 | 685,000 | 750,000 | 1,047,000 | 1,178,000 | 1,412,000 | 1,543,000 | 1,613,000 | 1,430,000 | 847,000 | 517,000 | -259,000 | -3,943,000 | -3,763,000 | -3,670,000 | -3,153,000 | 564,000 | 964,000 | 1,024,000 | 1,104,000 |
| Total stockholders’ equity | US$ in thousands | 4,137,000 | 4,144,000 | 4,210,000 | 4,170,000 | 4,082,000 | 3,475,000 | 3,531,000 | 3,278,000 | 3,621,000 | 3,008,000 | 3,146,000 | 2,675,000 | 2,553,000 | 2,243,000 | 2,324,000 | 2,697,000 | 6,377,000 | 6,057,000 | 6,315,000 | 6,323,000 |
| ROE | 2.56% | 16.53% | 17.81% | 25.11% | 28.86% | 40.63% | 43.70% | 49.21% | 39.49% | 28.16% | 16.43% | -9.68% | -154.45% | -167.77% | -157.92% | -116.91% | 8.84% | 15.92% | 16.22% | 17.46% |
February 3, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $106,000K ÷ $4,137,000K
= 2.56%
Macy’s Inc has experienced fluctuations in its return on equity (ROE) over the past few reporting periods. The ROE has shown variability, with both positive and negative figures reflecting the company's profitability and efficiency in generating returns for its shareholders.
From May 2019 to January 2020, Macy’s ROE ranged from 8.84% to 49.21%, indicating strong performance in utilizing equity to generate profits. However, the ROE significantly dropped to negative figures, reaching -167.77% in January 2021 and -154.45% in April 2022. These negative ROE figures suggest that the company was operating at a loss during these periods, impacting shareholder returns adversely.
The most recent ROE of 2.56% in February 2024 indicates a recovery from the previously negative values but remains relatively low compared to the earlier periods of high profitability. This suggests that Macy’s profitability has improved slightly but has not yet reached the levels seen before the challenging periods.
Overall, Macy’s ROE has shown a mix of strong profitability and challenging performance, reflecting the company's efforts to improve operational efficiency and shareholder value. Continued monitoring and analysis of ROE will be crucial to assess Macy’s financial health and performance in the future.
Peer comparison
Feb 3, 2024