United Natural Foods Inc (UNFI)
Return on equity (ROE)
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -112,000 | 24,000 | 248,000 | 149,000 | -274,000 |
| Total stockholders’ equity | US$ in thousands | 1,641,000 | 1,743,000 | 1,791,000 | 1,515,000 | 1,145,000 |
| ROE | -6.83% | 1.38% | 13.85% | 9.83% | -23.93% |
August 3, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-112,000K ÷ $1,641,000K
= -6.83%
United Natural Foods Inc's return on equity (ROE) has fluctuated over the past five years, ranging from -23.93% in 2020 to 13.85% in 2022. The negative ROE in 2020 indicates that the company's net income was insufficient to cover its shareholders' equity, raising concerns about profitability and efficiency. However, there was a significant improvement in 2022 with a 13.85% ROE, suggesting enhanced profitability and better utilization of equity. The decrease in ROE to 6.83% in 2024 may indicate potential challenges in generating returns for shareholders. Overall, the company's ROE performance has been inconsistent, indicating the need for further analysis to understand the factors affecting profitability and shareholder value.
Peer comparison
Aug 3, 2024