ODP Corp (ODP)
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 | 139,000 | 193,000 | 190,000 | 183,000 | 166,000 | -125,000 | -91,000 | -206,000 | -208,000 | 84,000 | 40,000 | -311,000 | -319,000 | -282,000 | -279,000 | 136,000 | 99,000 | 30,000 | 30,000 | 70,000 |
| Total stockholders’ equity | US$ in thousands | 1,101,000 | 1,155,000 | 1,161,000 | 1,148,000 | 1,287,000 | 1,499,000 | 1,513,000 | 1,492,000 | 1,438,000 | 1,862,000 | 1,841,000 | 1,960,000 | 1,880,000 | 1,795,000 | 1,717,000 | 2,135,000 | 2,173,000 | 2,127,000 | 2,082,000 | 2,106,000 |
| ROE | 12.62% | 16.71% | 16.37% | 15.94% | 12.90% | -8.34% | -6.01% | -13.81% | -14.46% | 4.51% | 2.17% | -15.87% | -16.97% | -15.71% | -16.25% | 6.37% | 4.56% | 1.41% | 1.44% | 3.32% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $139,000K ÷ $1,101,000K
= 12.62%
The return on equity (ROE) of ODP Corp has displayed fluctuations over the past few years. In the most recent quarter, ending December 31, 2023, the ROE stood at 12.62%, showing a moderate return for shareholders. Prior to that, the ROE had increased to 16.71% in September 2023 and 16.37% in June 2023, reflecting improved profitability and efficiency in the company's operations.
However, looking further back, there were periods of negative ROE, notably in September 2022 and June 2022, with figures of -8.34% and -6.01% respectively. This indicates that during those periods, the company was not generating sufficient profits relative to its equity base, which may raise concerns about the company's financial health and management efficiency.
Overall, the ROE performance of ODP Corp has been inconsistent, with both positive and negative trends observed. It is essential for investors and stakeholders to closely monitor the company's financial performance and assess the factors contributing to these fluctuations in ROE.
Peer comparison
Dec 31, 2023