JM Smucker Company (SJM)
Return on equity (ROE)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 744,000 | -101,800 | -13,700 | -17,500 | -91,300 | 711,500 | 572,700 | 587,600 | 631,700 | 576,600 | 768,400 | 793,200 | 876,300 | 955,600 | 881,500 | 861,900 | 779,500 | 624,700 | 558,700 | 536,000 |
| Total stockholders’ equity | US$ in thousands | 7,693,900 | 7,560,100 | 7,088,900 | 7,003,400 | 7,290,800 | 8,335,000 | 8,217,300 | 8,144,300 | 8,140,100 | 8,266,900 | 8,286,400 | 8,170,300 | 8,124,800 | 8,211,600 | 8,515,000 | 8,345,200 | 8,190,900 | 8,170,400 | 8,095,300 | 8,007,700 |
| ROE | 9.67% | -1.35% | -0.19% | -0.25% | -1.25% | 8.54% | 6.97% | 7.21% | 7.76% | 6.97% | 9.27% | 9.71% | 10.79% | 11.64% | 10.35% | 10.33% | 9.52% | 7.65% | 6.90% | 6.69% |
April 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $744,000K ÷ $7,693,900K
= 9.67%
JM Smucker Company's return on equity (ROE) has fluctuated over the past few quarters as seen in the provided data. The ROE for the latest quarter, April 30, 2024, stands at 9.67%, showing an improvement compared to the previous quarter where it was -1.35%. Despite the recent increase, the company experienced negative ROE figures in some prior quarters, indicating challenges in generating profits relative to shareholders' equity.
Looking at the trend, the ROE has generally been on a roller-coaster ride without a clear upward or downward trajectory. The company managed to achieve relatively higher ROE figures in the past, with notable peaks observed in January 2021 (11.64%) and January 2020 (10.33%). However, the more recent quarters have shown a downward trend in ROE, possibly signaling operational inefficiencies or other challenges impacting profitability.
Overall, JM Smucker Company's ROE performance suggests a varying ability to generate returns for shareholders over the analyzed periods. It would be beneficial for stakeholders to delve deeper into the company's financial and operational aspects to identify the root causes behind the fluctuating ROE figures and work towards sustainable value creation.