Valvoline Inc (VVV)
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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 211,500 | 168,100 | 183,800 | 1,369,700 | 1,419,700 | 1,528,500 | 1,565,100 | 419,200 | 424,300 | 435,500 | 434,200 | 420,600 | 420,300 | 373,400 | 335,500 | 330,700 | 317,000 | 222,000 | 228,000 | 228,000 |
| Total stockholders’ equity | US$ in thousands | 185,600 | 106,500 | 60,100 | 64,800 | 203,200 | 285,400 | 1,372,400 | 289,300 | 306,600 | 225,500 | 200,300 | 167,300 | 134,500 | 23,000 | -56,000 | -55,000 | -76,000 | -188,000 | -237,000 | -196,000 |
| ROE | 113.95% | 157.84% | 305.82% | 2,113.73% | 698.67% | 535.56% | 114.04% | 144.90% | 138.39% | 193.13% | 216.77% | 251.40% | 312.49% | 1,623.48% | — | — | — | — | — | — |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $211,500K ÷ $185,600K
= 113.95%
Valvoline Inc's Return on Equity (ROE) has exhibited significant volatility over the past several quarters. ROE is a measure of a company's profitability and efficiency in utilizing its shareholders' equity. In the most recent quarter, ending September 30, 2024, Valvoline Inc's ROE was exceptionally high at 113.95%, showing a strong ability to generate profits from shareholders' equity.
However, the ROE figures for the preceding quarters show even more dramatic fluctuations, with values as high as 2,113.73% in December 2023, indicating an extraordinary level of profitability relative to shareholders' equity. These fluctuations may be attributed to changes in the company's financial structure, profitability, or asset management efficiency during the respective periods.
It is important to note that such extreme changes in ROE could be influenced by various factors, including the company's financial leverage, asset turnover, and profit margins. Investors and analysts should delve deeper into Valvoline Inc's financial statements, industry trends, and business operations to gain a more comprehensive understanding of the drivers behind these fluctuations in ROE.
Peer comparison
Sep 30, 2024