Simply Good Foods Co (SMPL)

Return on equity (ROE)

		Aug 31, 2024	May 25, 2024	Feb 24, 2024	Nov 25, 2023	Aug 26, 2023	May 27, 2023	Feb 25, 2023	Nov 26, 2022	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019
Net income (ttm)	US$ in thousands	139,309	146,660	140,757	133,276	133,575	127,060	130,463	123,282	108,574	96,693	63,754	19,079	40,880	-16,656	25,561	100,076	65,638	62,697	20,444	-15,135
Total stockholders’ equity	US$ in thousands	1,727,490	1,693,310	1,647,480	1,607,180	1,571,100	1,530,820	1,491,920	1,463,360	1,438,660	1,437,320	1,401,050	1,209,610	1,188,800	1,168,410	1,160,140	1,183,310	1,139,330	1,173,730	1,123,410	1,072,410
ROE		8.06%	8.66%	8.54%	8.29%	8.50%	8.30%	8.74%	8.42%	7.55%	6.73%	4.55%	1.58%	3.44%	-1.43%	2.20%	8.46%	5.76%	5.34%	1.82%	-1.41%

August 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $139,309K ÷ $1,727,490K
= 8.06%

Simply Good Foods Co's return on equity (ROE) has fluctuated over the past few years, ranging from -1.43% to a high of 8.74%. The company's ROE tends to show some variability, indicating potential challenges in consistently generating profits relative to shareholders' equity. From Nov 2021 to Aug 2022, there was a notable decline in ROE from 3.44% to 6.73% and subsequently to 7.55%, possibly suggesting operational inefficiencies or financial difficulties during this period. However, there was a significant improvement in ROE from May 2024 to Aug 2024, increasing from 8.66% to 8.06%, showcasing a positive trend in generating returns for shareholders during that specific time frame. Overall, Simply Good Foods Co's ROE performance has been mixed, and further analysis of the company's financial and operational performance may be required to understand the underlying factors driving these fluctuations.