Wolverine World Wide Inc (WWW)
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 | -39,600 | -310,000 | -279,600 | -179,000 | -188,300 | 158,700 | 119,700 | 39,800 | 68,600 | -87,500 | -65,100 | -111,400 | -136,900 | 32,900 | 59,200 | 101,000 | 128,500 | 168,700 | 178,800 | 193,900 |
| Total stockholders’ equity | US$ in thousands | 278,600 | 342,400 | 346,800 | 326,600 | 320,600 | 656,900 | 643,900 | 596,700 | 629,600 | 626,700 | 633,200 | 609,100 | 561,400 | 754,100 | 724,000 | 725,600 | 766,700 | 782,900 | 843,700 | 911,400 |
| ROE | -14.21% | -90.54% | -80.62% | -54.81% | -58.73% | 24.16% | 18.59% | 6.67% | 10.90% | -13.96% | -10.28% | -18.29% | -24.39% | 4.36% | 8.18% | 13.92% | 16.76% | 21.55% | 21.19% | 21.27% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-39,600K ÷ $278,600K
= -14.21%
Wolverine World Wide Inc's return on equity (ROE) has been fluctuating over the past few quarters, showing significant variability. Notably, the ROE for the company was negative in many quarters, indicating that the company's net income was insufficient to generate a positive return for its shareholders.
The ROE was particularly low in the third quarter of 2023 at -90.54% and the second quarter of 2023 at -80.62%, reflecting poor profitability and efficiency in utilizing shareholders' equity during those periods. In contrast, there were periods of positive ROE, such as in the second and third quarters of 2022, where the company achieved ROE figures of 18.59% and 24.16%, respectively, indicating better performance in generating returns for shareholders during those periods.
Overall, Wolverine World Wide Inc's ROE has shown inconsistency and volatility, making it important for stakeholders to closely monitor the company's financial performance and profitability trends to assess its ability to generate value for shareholders in the future.
Peer comparison
Dec 31, 2023