Universal Corporation (UVV)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 119,598 | 124,052 | 86,577 | 87,410 | 71,680 |
| Total stockholders’ equity | US$ in thousands | 1,437,210 | 1,397,090 | 1,340,540 | 1,307,300 | 1,246,660 |
| ROE | 8.32% | 8.88% | 6.46% | 6.69% | 5.75% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $119,598K ÷ $1,437,210K
= 8.32%
Universal Corporation's return on equity (ROE) has shown a fluctuating trend over the past five years, ranging from 5.75% in March 2020 to 8.88% in March 2023. In the most recent period ending March 2024, the ROE stood at 8.32%.
The ROE is a measure of a company's profitability in relation to the shareholders' equity, indicating how effectively the company is utilizing its equity to generate profits. Universal Corporation's ROE demonstrates a relatively stable performance, with variations within a certain range over the years.
While the ROE has experienced fluctuations, it generally indicates that Universal Corporation has been generating a reasonable return for its shareholders. However, it is essential to delve deeper into the company's financial statements and operations to understand the factors driving these changes in ROE and to assess the sustainability of its profitability.
Peer comparison
Mar 31, 2024