JM Smucker Company (SJM)
Return on equity (ROE)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 744,000 | -91,300 | 631,700 | 876,300 | 779,500 |
| Total stockholders’ equity | US$ in thousands | 7,693,900 | 7,290,800 | 8,140,100 | 8,124,800 | 8,190,900 |
| ROE | 9.67% | -1.25% | 7.76% | 10.79% | 9.52% |
April 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $744,000K ÷ $7,693,900K
= 9.67%
The return on equity (ROE) for JM Smucker Company has exhibited fluctuation over the past five years. In April 2024, the ROE stood at 9.67%, indicating a moderate return on shareholders' equity. This represents an improvement from the negative ROE of -1.25% in April 2023, suggesting a turnaround in the company's profitability.
Compared to the ROE of 7.76% in April 2022 and 10.79% in April 2021, the current ROE is within a relatively stable range. However, it is slightly lower than the ROE of 9.52% reported in April 2020.
The trend in ROE indicates some variability in the company's ability to generate profits from shareholders' equity over the analyzed period. Investors and stakeholders may want to further investigate the factors influencing these fluctuations to gain a deeper understanding of JM Smucker Company's financial performance.