Tyson Foods Inc (TSN)
Return on equity (ROE)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | 1,980,000 | 2,145,000 | 2,002,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 14,082,000 | 13,793,000 | 13,280,000 |
| ROE | -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% | 14.06% | 15.55% | 15.08% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-857,000K ÷ $18,150,000K
= -4.72%
Tyson Foods Inc's return on equity (ROE) has shown some fluctuation over the past several quarters. The ROE was negative for the most recent quarter at -4.72%, indicating that the company's net income was insufficient to cover shareholder equity. Prior to that, the ROE had been trending downwards, showing a decline from 7.77% in March 2023 to -3.57% in September 2023.
Looking further back, the ROE had been on an upward trend from December 2020 to June 2022, reaching a peak of 21.32% in March 2022. This indicated that the company was effectively using shareholder equity to generate profits during that period.
Overall, the recent negative ROE figures raise concerns about Tyson Foods Inc's profitability and efficiency in generating returns for its shareholders. Further analysis of the company's financial performance and strategies may be needed to address these fluctuations in ROE.
Peer comparison
Dec 31, 2023