Valvoline Inc (VVV)
Return on equity (ROE)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 208,000 | 226,000 | 225,000 |
| Total stockholders’ equity | US$ in thousands | 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 | -257,800 | -252,000 | -298,000 |
| ROE | 2,113.73% | 698.67% | 535.56% | 114.04% | 144.90% | 138.39% | 193.13% | 216.77% | 251.40% | 312.49% | 1,623.48% | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,369,700K ÷ $64,800K
= 2,113.73%
Valvoline Inc's Return on Equity (ROE) has demonstrated significant fluctuations over the past few quarters. In Q1 2024, the ROE surged to an impressive 2,113.73%, reflecting an exceptional profitability relative to shareholders' equity invested. This substantial ROE in Q1 2024 marks a notable improvement compared to the previous quarter, Q4 2023, where the ROE was 698.67%.
Looking back at Q3 2023 and Q2 2023, the ROE had shown a decreasing trend from 535.42% to 114.07%, indicating a potential decline in the efficiency of utilizing equity to generate profits during that period. However, there was a notable increase in profitability in Q1 2023 with an ROE of 144.90%, suggesting a temporary positive turn in the company's performance.
Examining the data further, Q4 2022, Q3 2022, and Q2 2022 also displayed varying levels of ROE performance, ranging from 138.39% to 216.50%. While these figures indicate fluctuations in profitability over the respective quarters, they suggest that Valvoline Inc has generally maintained a relatively high ROE during this period.
Overall, Valvoline Inc's ROE has shown volatility over the past eight quarters, with significant peaks and troughs. Investors and stakeholders may closely monitor future financial performance to assess the company's ability to sustain and potentially improve its profitability relative to shareholders' equity.
Peer comparison
Dec 31, 2023