Vestis Corporation (VSTS)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 20,970 | 183,616 | 204,072 | 191,956 | 213,158 | -12,819 | 4,333 | |||
| Total stockholders’ equity | US$ in thousands | 903,051 | 901,177 | 900,711 | 904,158 | 877,360 | 913,757 | 904,989 | 2,335,810 | 2,335,810 | — |
| ROE | 2.32% | 20.38% | 22.66% | 21.23% | 24.30% | -1.40% | 0.48% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $20,970K ÷ $903,051K
= 2.32%
Vestis Corporation's Return on Equity (ROE) has shown variability over the last several quarters. In the most recent quarter, ending September 30, 2024, the ROE was relatively low at 2.32%. This represents a significant decrease from the previous quarter, where the ROE was significantly higher at 20.38% (June 30, 2024).
Looking further back, the ROE for Vestis Corporation has generally been positive over the past few quarters, with notable peaks in the range of 20-24%. However, there was a significant dip in performance in the second quarter of 2023, where the ROE was negative at -1.40%.
Overall, Vestis Corporation's ROE has displayed volatility, with fluctuations in profitability and shareholder value creation. It is important for stakeholders to closely monitor the factors influencing ROE, such as profitability, asset utilization, and financial leverage, to assess the company's financial health and sustainability over time.
Peer comparison
Sep 30, 2024