US Foods Holding Corp (USFD)
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 | 506,000 | 452,000 | 466,000 | 354,000 | 265,000 | 241,000 | 196,000 | 181,000 | 164,000 | 85,000 | 29,000 | -118,000 | -226,000 | -124,000 | -26,000 | 182,000 | 385,000 | 393,000 | 401,000 | 411,000 |
| Total stockholders’ equity | US$ in thousands | 4,749,000 | 4,692,000 | 4,604,000 | 4,179,000 | 3,961,000 | 3,927,000 | 3,804,000 | 3,722,000 | 3,735,000 | 3,648,000 | 3,573,000 | 3,500,000 | 3,530,000 | 3,515,000 | 3,500,000 | 3,582,000 | 3,709,000 | 3,557,000 | 3,435,000 | 3,310,000 |
| ROE | 10.65% | 9.63% | 10.12% | 8.47% | 6.69% | 6.14% | 5.15% | 4.86% | 4.39% | 2.33% | 0.81% | -3.37% | -6.40% | -3.53% | -0.74% | 5.08% | 10.38% | 11.05% | 11.67% | 12.42% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $506,000K ÷ $4,749,000K
= 10.65%
US Foods Holding Corp's return on equity (ROE) has shown fluctuations over the period analyzed.
- The ROE increased steadily from 4.39% in Mar 2022 to 10.65% in Dec 2023, indicating an improvement in the company's ability to generate profits from shareholders' equity.
- The ROE has generally trended upward since Sep 2021, with occasional fluctuations, reflecting a positive trajectory in the company's profitability relative to its equity base.
- Despite facing negative ROEs in Mar and Jun 2021, the company managed to turn its performance around, achieving positive ROEs in subsequent periods.
- The highest ROE recorded was 12.42% in Dec 2019, suggesting strong profitability relative to shareholder investment at that time.
- Overall, the upward trend in ROE signals that US Foods Holding Corp has been effectively utilizing its equity to generate returns for shareholders in recent quarters.
Peer comparison
Dec 31, 2023