Performance Food Group Co (PFGC)
Return on equity (ROE)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 419,500 | 429,400 | 422,200 | 397,200 | 323,100 | 266,200 | 203,500 | 112,500 | 67,900 | 36,900 | 46,100 | 40,700 | -141,900 | -174,500 | -150,900 | -114,100 | 100,300 | 172,800 | 174,700 | 166,800 |
| Total stockholders’ equity | US$ in thousands | 3,953,400 | 3,861,700 | 3,828,300 | 3,745,500 | 3,581,700 | 3,496,500 | 3,400,700 | 3,299,500 | 3,204,500 | 3,160,900 | 3,123,500 | 2,106,100 | 2,057,700 | 2,046,900 | 2,020,700 | 2,010,600 | 1,823,200 | 1,378,500 | 1,333,100 | 1,298,200 |
| ROE | 10.61% | 11.12% | 11.03% | 10.60% | 9.02% | 7.61% | 5.98% | 3.41% | 2.12% | 1.17% | 1.48% | 1.93% | -6.90% | -8.53% | -7.47% | -5.67% | 5.50% | 12.54% | 13.10% | 12.85% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $419,500K ÷ $3,953,400K
= 10.61%
Performance Food Group Co's return on equity (ROE) has shown some fluctuations over the past several quarters. The ROE has generally trended lower from the end of 2019 to the first quarter of 2021, hitting negative values in the first quarter of 2021 indicating losses. However, there has been a significant improvement in ROE from the first quarter of 2021 to the first quarter of 2022, with the ROE turning positive and gradually increasing.
From the first quarter of 2022 to the first quarter of 2024, the ROE has been showing positive values, indicating that the company is generating profit relative to its shareholder equity. The ROE figures have ranged from around 2% to 11%, with some quarterly fluctuations. The ROE peaked at 11.12% in the fourth quarter of 2023.
Overall, the recent positive trend in ROE indicates that Performance Food Group Co has been able to efficiently utilize its equity to generate profits for its shareholders. However, stakeholders should continue to monitor the ROE to ensure the company maintains its profitability and sustainable growth.
Peer comparison
Mar 31, 2024