Shoe Carnival Inc (SCVL)
Return on equity (ROE)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,348 | 110,068 | 154,881 | 15,991 | 42,914 |
| Total stockholders’ equity | US$ in thousands | 583,389 | 525,568 | 452,533 | 310,176 | 297,363 |
| ROE | 12.57% | 20.94% | 34.23% | 5.16% | 14.43% |
February 3, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $73,348K ÷ $583,389K
= 12.57%
Shoe Carnival Inc's return on equity (ROE) has shown fluctuations over the past five years. The ROE was 12.57% in 2024, indicating a moderate performance in generating profits from shareholders' equity. This figure marked a decline from the previous year's 20.94%, suggesting a decrease in the company's ability to utilize equity effectively.
In the fiscal year 2022, Shoe Carnival Inc achieved a relatively high ROE of 34.23%, reflecting a strong performance in generating profits relative to shareholders' equity. This marked a significant improvement from the prior year, indicating enhanced efficiency in utilizing equity to drive earnings growth.
On the other hand, in 2021, the company recorded a lower ROE of 5.16%, signifying a dip in profitability relative to equity. This figure represented a considerable decrease from the previous year and suggested a challenge in effectively leveraging equity to generate returns.
In 2020, Shoe Carnival Inc's ROE was reported at 14.43%, showing a moderate performance in capital efficiency compared to the previous year. This metric indicated a slight increase in profitability from equity compared to the previous year, reflecting a reasonable utilization of shareholder funds.
Overall, the trend in Shoe Carnival Inc's ROE over the past five years highlights fluctuations in the company's ability to generate profits from shareholders' equity. It is important for stakeholders to assess the factors contributing to these variations to understand the efficiency and profitability of the company's operations.
Peer comparison
Feb 3, 2024