Vestis Corporation (VSTS)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 213,158 | 141,679 | 74,270 | 111,647 |
| Total stockholders’ equity | US$ in thousands | 877,360 | 2,335,810 | 2,331,980 | — |
| ROE | 24.30% | 6.07% | 3.18% | — |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $213,158K ÷ $877,360K
= 24.30%
Vestis Corporation's return on equity (ROE) has displayed a positive trend over the past three years, increasing from 3.18% in September 2021 to 24.30% in September 2023. This indicates that the company has been more efficient in generating profit from its shareholders' equity over time. The substantial rise in ROE suggests improved financial performance and effective utilization of equity in generating profits. Overall, Vestis Corporation's increasing ROE trend signals potential growth opportunities and enhanced financial health.
Peer comparison
Sep 30, 2023
Company name
Symbol
ROE
Vestis Corporation
VSTS
24.30%
Central Garden & Pet Company
CENT
8.66%
Central Garden & Pet Company A
CENTA
8.66%