Shoe Carnival Inc (SCVL)
Return on equity (ROE)
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,766 | 73,348 | 73,348 | 110,068 | 110,068 |
| Total stockholders’ equity | US$ in thousands | 648,996 | 583,389 | 583,389 | 525,568 | 525,568 |
| ROE | 11.37% | 12.57% | 12.57% | 20.94% | 20.94% |
January 31, 2025 calculation
ROE = Net income ÷ Total stockholders’ equity
= $73,766K ÷ $648,996K
= 11.37%
The return on equity (ROE) of Shoe Carnival Inc has shown a decline over the past few years. As of January 28, 2023, and January 31, 2023, the ROE stood at 20.94%, indicating a healthy return for shareholders. However, there was a noticeable decrease in ROE to 12.57% as of January 31, 2024, and February 3, 2024, reflecting a drop in profitability and efficiency in utilizing equity. This downward trend continued as of January 31, 2025, with the ROE further decreasing to 11.37%.
The declining ROE suggests that the company may be facing challenges in generating profits from shareholders' equity. It is essential for Shoe Carnival Inc to assess its operations, profitability, and efficiency in order to improve its ROE and enhance shareholder value in the future.
Peer comparison
Jan 31, 2025