Unifirst Corporation (UNF)
Return on equity (ROE)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 145,474 | 103,674 | 103,404 | 151,111 | 135,770 |
| Total stockholders’ equity | US$ in thousands | 2,108,510 | 2,003,960 | 1,915,870 | 1,872,950 | 1,741,130 |
| ROE | 6.90% | 5.17% | 5.40% | 8.07% | 7.80% |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $145,474K ÷ $2,108,510K
= 6.90%
Unifirst Corporation's return on equity (ROE) has fluctuated over the past five years. The ROE for the fiscal year ending August 31, 2024, stood at 6.90%, marking an increase compared to the previous year's ROE of 5.17%. Despite this improvement, the current ROE remains relatively low when compared to the ROE figures from two years ago, where it was 5.40% (Aug 27, 2022) and especially three years ago, when it reached 8.07% (Aug 28, 2021).
Although the ROE saw a slight decrease from 2019 to 2020 (8.07% to 7.80%), it rebounded in the following years, albeit not reaching the levels seen in the earlier years. The overall trend suggests that Unifirst Corporation has been able to maintain a moderate level of return on equity, with some variations across the years.
Further analysis is needed to understand the factors influencing these fluctuations in the return on equity and to assess the company's effectiveness in generating profits from shareholders' equity.
Peer comparison
Aug 31, 2024