Sprouts Farmers Market LLC (SFM)
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 | 258,856 | 253,927 | 254,354 | 249,017 | 261,164 | 252,272 | 250,399 | 249,416 | 244,157 | 276,326 | 272,700 | 278,688 | 287,450 | 250,687 | 216,706 | 185,047 | 149,629 | 130,698 | 141,938 | 148,304 |
| Total stockholders’ equity | US$ in thousands | 1,148,550 | 1,115,010 | 1,075,150 | 1,050,930 | 1,046,460 | 1,040,830 | 1,013,690 | 1,011,970 | 959,876 | 968,083 | 949,123 | 966,870 | 881,293 | 807,946 | 743,277 | 670,722 | 581,952 | 559,921 | 531,649 | 556,521 |
| ROE | 22.54% | 22.77% | 23.66% | 23.69% | 24.96% | 24.24% | 24.70% | 24.65% | 25.44% | 28.54% | 28.73% | 28.82% | 32.62% | 31.03% | 29.16% | 27.59% | 25.71% | 23.34% | 26.70% | 26.65% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $258,856K ÷ $1,148,550K
= 22.54%
The return on equity (ROE) of Sprouts Farmers Market Inc has shown relatively stable performance over the past eight quarters, ranging from 22.54% to 24.96%. The company's ability to generate profits from shareholders' equity has been consistent, with ROE figures consistently above 20%. This indicates that Sprouts Farmers Market Inc efficiently utilizes its equity capital to generate net income.
The slight fluctuation in ROE figures quarter over quarter reflects potential changes in profitability and efficiency of the company's operations. Although there was a gradual decline in ROE from Q4 2022 to Q2 2023, the metric rebounded in Q3 and Q4 2023.
Overall, Sprouts Farmers Market Inc has maintained a healthy level of return on equity, demonstrating effective management of assets and financial resources to create value for shareholders. Investors may view the company positively for its ability to deliver consistent ROE performance. Monitoring future ROE trends can provide insights into the company's financial health and growth prospects.
Peer comparison
Dec 31, 2023