Universal Corporation (UVV)
Return on equity (ROE)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 119,598 | 132,987 | 121,431 | 115,158 | 124,052 | 96,115 | 89,395 | 87,050 | 86,577 | 100,168 | 98,501 | 86,493 | 87,410 | 63,614 | 56,307 | 76,882 | 71,680 | 87,476 | 89,645 | 93,014 |
| Total stockholders’ equity | US$ in thousands | 1,437,210 | 1,417,080 | 1,384,190 | 1,380,720 | 1,397,090 | 1,360,790 | 1,324,850 | 1,325,760 | 1,340,540 | 1,316,000 | 1,297,330 | 1,303,820 | 1,307,300 | 1,270,520 | 1,239,500 | 1,236,240 | 1,246,660 | 1,309,800 | 1,298,660 | 1,310,340 |
| ROE | 8.32% | 9.38% | 8.77% | 8.34% | 8.88% | 7.06% | 6.75% | 6.57% | 6.46% | 7.61% | 7.59% | 6.63% | 6.69% | 5.01% | 4.54% | 6.22% | 5.75% | 6.68% | 6.90% | 7.10% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $119,598K ÷ $1,437,210K
= 8.32%
The return on equity (ROE) of Universal Corporation has shown some fluctuation over the past several quarters. The ROE for the most recent quarter, ending March 31, 2024, was 8.32%, which represents a slight decrease compared to the previous quarter's ROE of 9.38%.
Looking at the trend over the past few quarters, the ROE has generally been improving since the end of 2020 when it was at 5.01%. However, there have been some fluctuations within this upward trend, with peaks and valleys in the ROE figures.
The company's ROE is an important metric for evaluating how effectively it is generating profit from shareholders' equity. An increasing ROE typically indicates that the company is utilizing its equity efficiently to generate returns for its shareholders.
It is important for Universal Corporation to continue monitoring and evaluating its ROE performance to ensure sustainable profitability and value creation for its shareholders over the long term.
Peer comparison
Mar 31, 2024