Unifirst Corporation (UNF)
Return on equity (ROE)
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 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 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,318 | 119,818 | 103,674 | 103,015 | 103,656 | 103,404 | 111,837 | 128,786 | 142,920 | 151,111 | 148,060 | 127,329 | 129,424 | 135,770 | 150,195 | 176,130 | 189,056 | 179,134 | 168,098 | 157,237 |
| Total stockholders’ equity | US$ in thousands | 2,049,680 | 2,040,170 | 2,003,960 | 1,955,090 | 1,941,970 | 1,915,870 | 1,904,010 | 1,898,980 | 1,894,900 | 1,872,950 | 1,845,200 | 1,801,110 | 1,773,350 | 1,741,130 | 1,708,100 | 1,701,440 | 1,676,010 | 1,641,230 | 1,609,700 | 1,580,790 |
| ROE | 5.19% | 5.87% | 5.17% | 5.27% | 5.34% | 5.40% | 5.87% | 6.78% | 7.54% | 8.07% | 8.02% | 7.07% | 7.30% | 7.80% | 8.79% | 10.35% | 11.28% | 10.91% | 10.44% | 9.95% |
February 24, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $106,318K ÷ $2,049,680K
= 5.19%
Unifirst Corporation's return on equity (ROE) has shown some fluctuations over the past few quarters. The ROE was relatively stable in the range of 5-6% from February 2023 to August 2023. However, there was a noticeable increase in ROE from May 2022 to November 2022, with the ratio ranging from 5.40% to 7.30%.
The trend of increasing ROE continued into 2021, with the ratio reaching its peak at 11.28% in November 2019. This period reflected a strong performance in generating profits relative to the company's shareholders' equity.
Following the peak in November 2019, there was a gradual decline in ROE until February 2021, where it hit a low of 7.07%. However, the ratio started to climb again, reaching 9.95% in August 2021. This upward trend continued, with ROE surpassing the 10% mark in May 2022 and maintaining levels above 8% until November 2023.
Overall, Unifirst Corporation's ROE demonstrates a mix of stability and growth, with fluctuations reflecting changes in the company's profitability and efficiency in using shareholders' equity to generate returns. Monitoring these trends can provide insights into the company's financial performance and its ability to create value for shareholders over time.
Peer comparison
Feb 24, 2024