Winnebago Industries Inc (WGO)
Return on equity (ROE)
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 116,000 | 181,500 | 215,900 | 254,700 | 312,800 | 351,200 | 390,600 | 392,114 | 346,209 | 324,077 | 281,900 | 240,245 | 156,597 | 104,797 | 61,442 | 50,851 | 99,375 | 103,705 | 111,798 | 109,720 |
| Total stockholders’ equity | US$ in thousands | 1,324,600 | 1,354,000 | 1,368,100 | 1,361,300 | 1,337,300 | 1,288,600 | 1,263,000 | 1,263,900 | 1,209,000 | 1,159,300 | 1,056,900 | 1,010,260 | 942,364 | 871,558 | 827,500 | 784,810 | 801,524 | 785,609 | 632,212 | 602,993 |
| ROE | 8.76% | 13.40% | 15.78% | 18.71% | 23.39% | 27.25% | 30.93% | 31.02% | 28.64% | 27.95% | 26.67% | 23.78% | 16.62% | 12.02% | 7.43% | 6.48% | 12.40% | 13.20% | 17.68% | 18.20% |
February 24, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $116,000K ÷ $1,324,600K
= 8.76%
Winnebago Industries Inc's Return on Equity (ROE) has shown fluctuations over the periods analyzed. The ROE ranged from a low of 6.48% on May 30, 2020, to a high of 31.02% on May 28, 2022. Generally, higher ROE figures indicate the company's ability to generate profits from shareholders' equity.
The trend in Winnebago's ROE appears to have peaked around August 27, 2022, with a strong ratio of 30.93%, followed by a slight decline in subsequent periods. Despite the decrease, ROE remained relatively healthy, suggesting efficient use of equity to generate returns for shareholders.
The Company's ROE on February 27, 2021, and November 28, 2020, took a significant hit with values of 16.62% and 12.02%, respectively. This may have been influenced by factors affecting profitability and efficiency during those periods.
In conclusion, Winnebago Industries Inc's ROE has shown variability over the analyzed periods, with some fluctuations reflecting changes in profitability and efficiency. Overall, the company has demonstrated the capability to generate returns on equity, albeit with some fluctuations over time.
Peer comparison
Feb 24, 2024