Winnebago Industries Inc (WGO)
Return on equity (ROE)
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 215,900 | 390,600 | 281,900 | 61,442 | 111,798 |
| Total stockholders’ equity | US$ in thousands | 1,368,100 | 1,263,000 | 1,056,900 | 827,500 | 632,212 |
| ROE | 15.78% | 30.93% | 26.67% | 7.43% | 17.68% |
August 26, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $215,900K ÷ $1,368,100K
= 15.78%
The return on equity (ROE) of Winnebago Industries, Inc. has shown fluctuations over the last five years. In 2023, the ROE decreased to 15.78% from 30.93% in 2022, indicating a significant decline in the company's ability to generate profit from shareholders' equity. This could be attributed to various factors, such as changes in net income and equity levels.
Comparing the ROE in 2023 to that of 2021, there is a decrease from 26.67% to 15.78%. This decline suggests a deterioration in the company's efficiency in utilizing equity to generate profit. It is important to delve into the financial statements to identify the specific reasons behind this decline.
The ROE in 2020 stood at 7.43%, representing a low point in the company's ability to generate returns for its shareholders. Subsequently, in 2019, the ROE increased to 17.68%, indicating a recovery from the low point in 2020.
Overall, the fluctuation in Winnebago Industries, Inc.'s ROE over the five-year period suggests varying levels of profitability and efficiency in utilizing shareholder equity. Further analysis of the company's financial performance and strategies may provide insights into the drivers behind these fluctuations and help in evaluating its future prospects.
Peer comparison
Aug 26, 2023