Valvoline Inc (VVV)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,419,700 | 424,300 | 420,300 | 316,600 | 208,000 |
| Total stockholders’ equity | US$ in thousands | 203,200 | 306,600 | 134,500 | -76,000 | -257,800 |
| ROE | 698.67% | 138.39% | 312.49% | — | — |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,419,700K ÷ $203,200K
= 698.67%
The return on equity (ROE) for Valvoline Inc has displayed significant fluctuations over the years. In 2023, the ROE reached an exceptionally high 698.67%, indicating a substantial increase compared to the prior year. This surge may be attributed to improved efficiency in utilizing shareholder equity to generate profits. The ROE for 2022 stood at 138.39%, representing a considerable increase from the previous year, reflecting enhanced profitability generated from the equity invested by shareholders. In 2021, the ROE was 311.11%, depicting a substantial return relative to the shareholder equity. Notably, the data for 2020 and 2019 are not available, rendering a comprehensive trend analysis challenging. Overall, the recent ROE figures may suggest efficient utilization of equity to generate profits, showcasing potentially favorable financial performance for Valvoline Inc.
Peer comparison
Sep 30, 2023