Tyson Foods Inc (TSN)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 800,000 | -7,000 | -615,000 | -857,000 | -648,000 | 340,000 | 1,507,000 | 2,433,000 | 3,238,000 | 4,055,000 | 4,054,000 | 3,701,000 | 3,047,000 | 2,346,000 | 2,123,000 | 2,023,000 | 2,061,000 | 1,779,000 | 1,937,000 | 1,955,000 |
| Total stockholders’ equity | US$ in thousands | 18,390,000 | 18,076,000 | 18,089,000 | 18,150,000 | 18,133,000 | 18,779,000 | 19,399,000 | 19,635,000 | 19,702,000 | 19,355,000 | 19,014,000 | 18,403,000 | 17,723,000 | 16,561,000 | 15,931,000 | 15,638,000 | 15,254,000 | 14,685,000 | 14,277,000 | 14,235,000 |
| ROE | 4.35% | -0.04% | -3.40% | -4.72% | -3.57% | 1.81% | 7.77% | 12.39% | 16.43% | 20.95% | 21.32% | 20.11% | 17.19% | 14.17% | 13.33% | 12.94% | 13.51% | 12.11% | 13.57% | 13.73% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $800,000K ÷ $18,390,000K
= 4.35%
Tyson Foods Inc's return on equity (ROE) has exhibited fluctuations over the past few quarters. The ROE declined from 13.73% in Mar 2020 to -4.72% in Dec 2023, indicating a significant drop in profitability and efficiency in generating returns for shareholders during this period.
Subsequently, there was some recovery, with the ROE improving to 4.35% in Sep 2024. However, the ROE remains relatively low compared to historical levels.
The trend suggests that Tyson Foods Inc faced challenges in maintaining profitability and utilizing equity efficiently in recent quarters. Investors may want to closely monitor the company's financial performance and management strategies to assess the sustainability and improvement of ROE in the future.
Peer comparison
Sep 30, 2024