Winnebago Industries Inc (WGO)
Return on equity (ROE)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 13,000 | 215,900 | 390,600 | 281,900 | 61,442 |
| Total stockholders’ equity | US$ in thousands | 1,273,300 | 1,368,100 | 1,263,000 | 1,056,900 | 827,500 |
| ROE | 1.02% | 15.78% | 30.93% | 26.67% | 7.43% |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $13,000K ÷ $1,273,300K
= 1.02%
Winnebago Industries Inc's return on equity (ROE) has fluctuated over the past five years. The company's ROE was 1.02% as of August 31, 2024, indicating a significant decrease from the previous year. This decrease suggests that the company's profitability in generating returns for its shareholders has weakened compared to the prior year.
Looking back, in August 2023, the ROE was 15.78%, showing a notable positive performance in generating profits relative to equity. The ROE further improved to 30.93% in August 2022, demonstrating strong profitability and efficient use of equity to generate returns for shareholders. The trend continued in August 2021 with an ROE of 26.67%, maintaining a healthy level of profitability.
However, in August 2020, Winnebago Industries Inc's ROE was 7.43%, indicating a decline from the previous year. Despite this, the company managed to improve its ROE in the subsequent years until the recent drop in 2024.
Overall, Winnebago Industries Inc's ROE has shown variability over the years, with significant fluctuations in profitability. It is crucial for the company to analyze the factors contributing to these fluctuations to enhance its performance and ensure sustainable returns for its shareholders.
Peer comparison
Aug 31, 2024