Boston Beer Company Inc (SAM)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 59,695 | 80,326 | 92,107 | 97,803 | 76,250 | 82,957 | 64,948 | 60,262 | 67,263 | 26,895 | -58,812 | -52,966 | 14,554 | 99,156 | 238,345 | 239,291 | 191,960 | 172,905 | 136,866 | 104,581 |
| Total stockholders’ equity | US$ in thousands | 916,187 | 1,014,160 | 1,040,540 | 1,046,730 | 1,077,930 | 1,120,780 | 1,087,190 | 1,041,360 | 1,068,550 | 1,073,990 | 1,044,040 | 984,924 | 983,409 | 1,029,380 | 1,084,140 | 1,028,720 | 956,967 | 918,530 | 827,483 | 758,236 |
| ROE | 6.52% | 7.92% | 8.85% | 9.34% | 7.07% | 7.40% | 5.97% | 5.79% | 6.29% | 2.50% | -5.63% | -5.38% | 1.48% | 9.63% | 21.98% | 23.26% | 20.06% | 18.82% | 16.54% | 13.79% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $59,695K ÷ $916,187K
= 6.52%
Boston Beer Company Inc's return on equity (ROE) has exhibited fluctuations over the provided time periods. The ROE increased steadily from 13.79% in March 2020 to a peak of 23.26% in March 2021, indicating improved profitability relative to shareholders' equity during this period.
However, there was a significant decline in ROE in subsequent quarters, dropping to as low as -5.63% in June 2022. This negative ROE indicates that the company's net income was insufficient to cover the shareholder's equity during that period.
The ROE started to recover from the negative territory in the second half of 2022, and by December 2024, it stood at 6.52%. While this is an improvement from the low points in 2022, it is still lower than the peak ROE observed in March 2021.
Overall, the ROE of Boston Beer Company Inc has shown volatility and a lack of sustained growth in recent years, suggesting potential challenges in efficiently utilizing shareholder's equity to generate profits. The company may need to focus on improving profitability and operational efficiency to enhance its ROE in the future and create value for its shareholders.
Peer comparison
Dec 31, 2024