Performance Food Group Co (PFGC)
Return on equity (ROE)
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 397,200 | 112,500 | 40,700 | -114,100 | 166,800 |
| Total stockholders’ equity | US$ in thousands | 3,745,500 | 3,299,500 | 2,106,100 | 2,010,600 | 1,298,200 |
| ROE | 10.60% | 3.41% | 1.93% | -5.67% | 12.85% |
June 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $397,200K ÷ $3,745,500K
= 10.60%
Performance Food Group Co's return on equity (ROE) has shown varying levels over the past five years. The trend indicates fluctuations in the company's ability to generate profits from shareholders' equity.
In 2023, the ROE stands at 10.60%, representing an improvement compared to the previous year and surpassing the 10% threshold often sought by investors. This increase suggests that the company is effectively utilizing shareholders' equity to generate returns.
The significant improvement in ROE from 2020 to 2023 is notable, with the company moving from negative territory (-5.67%) to positive levels, signaling enhanced efficiency in utilizing equity for profitability.
The spike in ROE in 2019 to 12.85% was followed by a decrease in the subsequent years, indicating potential challenges in maintaining and sustaining profitability levels over time.
Overall, despite the fluctuations, Performance Food Group Co's ROE in 2023 indicates a positive trend, demonstrating the company's ability to deliver value to shareholders through effective management of equity in generating returns.
Peer comparison
Jun 30, 2023