Performance Food Group Co (PFGC)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 435,900 | 397,200 | 112,500 | 40,700 | -114,100 |
| Total stockholders’ equity | US$ in thousands | 4,126,900 | 3,745,500 | 3,299,500 | 2,106,100 | 2,010,600 |
| ROE | 10.56% | 10.60% | 3.41% | 1.93% | -5.67% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $435,900K ÷ $4,126,900K
= 10.56%
Performance Food Group Co's return on equity (ROE) has shown a fluctuating trend over the past five years. In June 2020, the ROE was negative at -5.67%, indicating that the company generated a loss relative to its shareholder equity. However, there has been an improvement in subsequent years, with ROE increasing to 1.93% in June 2021, 3.41% in June 2022, and significantly jumping to 10.60% in June 2023. This suggests that the company has been able to generate more profit relative to its equity base.
In the most recent data available as of June 2024, the ROE remains relatively stable at 10.56%, indicating that Performance Food Group Co continues to deliver a healthy return on equity for its shareholders. Overall, the upward trend in ROE from negative to double-digit percentages reflects an improvement in the company's profitability and efficiency in utilizing shareholder equity to generate earnings.
Peer comparison
Jun 30, 2024