Sally Beauty Holdings Inc (SBH)

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	172,653	184,600	163,358	159,104	165,051	183,552	230,362	260,001	251,505	239,858	241,897	142,165	117,221	113,245	112,064	206,754	259,111	271,623	257,802	244,864
Total stockholders’ equity	US$ in thousands	541,340	508,748	487,712	425,888	373,298	293,636	295,871	271,866	281,021	280,741	222,270	134,833	98,866	15,443	-69,133	-53,195	2,199	-60,323	-70,465	-145,075
ROE		31.89%	36.29%	33.49%	37.36%	44.21%	62.51%	77.86%	95.64%	89.50%	85.44%	108.83%	105.44%	118.57%	733.31%	—	—	11,783.13%	—	—	—

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $172,653K ÷ $541,340K
= 31.89%

Sally Beauty Holdings Inc's return on equity (ROE) has shown a declining trend over the past quarters, starting at a strong 95.64% in Q2 2022 and dropping to 31.89% in Q1 2024. While the ROE remains positive throughout the period, the decreasing trend indicates a potential decline in the company's profitability and efficiency in generating returns for its shareholders' equity. Further analysis is required to understand the reasons behind this trend and to assess the company's overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

Sally Beauty Holdings Inc

SBH

31.89%