United Natural Foods Inc (UNFI)
Return on equity (ROE)
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -115,000 | -81,000 | 24,000 | 131,000 | 191,000 | 238,000 | 248,000 | 252,000 | 233,000 | 226,000 | 149,000 | 158,366 | 198,497 | 108,787 | -274,140 | -307,309 | -338,348 | -649,363 | -284,730 | -271,139 |
| Total stockholders’ equity | US$ in thousands | 1,692,000 | 1,699,000 | 1,743,000 | 1,841,000 | 1,842,000 | 1,835,000 | 1,791,000 | 1,785,000 | 1,684,000 | 1,589,000 | 1,515,000 | 1,302,440 | 1,230,220 | 1,150,140 | 1,145,000 | 1,169,820 | 1,102,060 | 1,126,560 | 1,507,040 | 1,532,220 |
| ROE | -6.80% | -4.77% | 1.38% | 7.12% | 10.37% | 12.97% | 13.85% | 14.12% | 13.84% | 14.22% | 9.83% | 12.16% | 16.14% | 9.46% | -23.94% | -26.27% | -30.70% | -57.64% | -18.89% | -17.70% |
January 27, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-115,000K ÷ $1,692,000K
= -6.80%
United Natural Foods Inc.'s return on equity (ROE) has exhibited a declining trend over the past few quarters, as shown by the decreasing values quarter over quarter. The ROE stood at -6.80% in Q2 2024, indicating that the company generated a negative return on shareholders' equity during that period. This was a significant decline from the -4.77% ROE recorded in Q1 2024. The ROE had turned positive at 1.38% in Q4 2023 but then decreased in subsequent quarters.
In comparison to earlier periods, United Natural Foods Inc. had relatively higher ROE values in Q3 2022, Q2 2023, and Q1 2023, with figures above 10%. However, the ROE has been on a downward trajectory since then, which could raise concerns about the company's profitability and efficiency in utilizing shareholders' equity to generate returns.
The declining trend in ROE suggests that United Natural Foods Inc. may be facing challenges in maximizing profitability and effectively managing its assets to create value for shareholders. It would be important for the company to assess its operational performance and financial strategies to reverse this trend and improve its return on equity in the future.
Peer comparison
Jan 27, 2024