Smart Global Holdings Inc (SGH)
Return on equity (ROE)
| Mar 1, 2024 | Dec 1, 2023 | Aug 25, 2023 | May 26, 2023 | Feb 24, 2023 | Nov 25, 2022 | Aug 26, 2022 | May 27, 2022 | Feb 25, 2022 | Nov 26, 2021 | Aug 27, 2021 | May 28, 2021 | Feb 26, 2021 | Nov 27, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -198,840 | -212,439 | -187,526 | -26,723 | 21,845 | 51,522 | 66,557 | 67,248 | 35,924 | 39,310 | 21,310 | 1,485 | -1,024 | -6,644 | -3,046 | -1,926 | 20,580 | 51,332 | 75,425 | 105,426 |
| Total stockholders’ equity | US$ in thousands | 405,042 | 410,160 | 222,475 | 318,097 | 325,829 | 352,120 | 371,611 | 392,602 | 348,827 | 322,940 | 310,251 | 269,433 | 258,559 | 278,318 | 264,519 | 307,051 | 271,784 | 273,460 | 242,080 | 250,290 |
| ROE | -49.09% | -51.79% | -84.29% | -8.40% | 6.70% | 14.63% | 17.91% | 17.13% | 10.30% | 12.17% | 6.87% | 0.55% | -0.40% | -2.39% | -1.15% | -0.63% | 7.57% | 18.77% | 31.16% | 42.12% |
March 1, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-198,840K ÷ $405,042K
= -49.09%
The return on equity (ROE) of Smart Global Holdings Inc has shown fluctuating trends over the past few years based on the provided data. The ROE values range from negative percentages to positive percentages, indicating varying levels of profitability and efficiency in utilizing shareholder equity.
The ROE was particularly low and negative in the earlier periods, such as in March 1, 2024, and December 1, 2023, showcasing that the company was not effectively generating profits relative to its shareholders' equity during those times.
There was a significant turnaround in performance noted in earlier periods, such as November 29, 2019, where the ROE was at a high of 42.12%. This indicated that the company was able to efficiently generate profits from the equity invested by shareholders during that period.
Overall, the fluctuating ROE values suggest that Smart Global Holdings Inc has experienced varying levels of profitability and efficiency in managing shareholder equity over the analyzed periods. Further analysis and comparison with industry benchmarks or historical trends may provide additional insights into the company's financial performance and potential areas for improvement.
Peer comparison
Mar 1, 2024