Valvoline Inc (VVV)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 211,500 | 1,419,700 | 424,300 | 420,300 | 316,600 |
| Total stockholders’ equity | US$ in thousands | 185,600 | 203,200 | 306,600 | 134,500 | -76,000 |
| ROE | 113.95% | 698.67% | 138.39% | 312.49% | — |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $211,500K ÷ $185,600K
= 113.95%
Valvoline Inc's return on equity (ROE) has been fluctuating over the past five years. In 2024, the ROE stands at 113.95%, representing a significant decrease from the exceptionally high ROE of 698.67% in 2023. Prior to this, in 2022, the ROE was 138.39%, indicating a lower profitability compared to the two prior years.
The ROE in 2021 was 312.49%, showing a substantial increase from the previous year. Notably, the ROE for 2020 is not available in the provided data. Overall, while there have been fluctuations in Valvoline Inc's ROE in recent years, the company has demonstrated strong profitability with high returns generated for its shareholders. Investors should continue to monitor this metric for insights into the company's financial performance and potential future growth.
Peer comparison
Sep 30, 2024