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Hibbett (Hibbett) ROE %

: 30.58% (As of Jan. 2024)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Hibbett's annualized net income for the quarter that ended in Jan. 2024 was $124 Mil. Hibbett's average Total Stockholders Equity over the quarter that ended in Jan. 2024 was $404 Mil. Therefore, Hibbett's annualized ROE % for the quarter that ended in Jan. 2024 was 30.58%.

The historical rank and industry rank for Hibbett's ROE % or its related term are showing as below:

HIBB' s ROE % Range Over the Past 10 Years
Min: 8.22   Med: 21.41   Max: 51.08
Current: 26.04

During the past 13 years, Hibbett's highest ROE % was 51.08%. The lowest was 8.22%. And the median was 21.41%.

HIBB's ROE % is ranked better than
86.82% of 1085 companies
in the Retail - Cyclical industry
Industry Median: 6.02 vs HIBB: 26.04

Hibbett ROE % Historical Data

The historical data trend for Hibbett's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hibbett Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.22 20.63 51.08 38.36 25.94

Hibbett Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.05 37.02 10.95 25.94 30.58

Competitive Comparison

For the Apparel Retail subindustry, Hibbett's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hibbett ROE % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Hibbett's ROE % distribution charts can be found below:

* The bar in red indicates where Hibbett's ROE % falls into.



Hibbett ROE % Calculation

Hibbett's annualized ROE % for the fiscal year that ended in Jan. 2024 is calculated as

ROE %=Net Income (A: Jan. 2024 )/( (Total Stockholders Equity (A: Jan. 2023 )+Total Stockholders Equity (A: Jan. 2024 ))/ count )
=103.158/( (376.231+419.025)/ 2 )
=103.158/397.628
=25.94 %

Hibbett's annualized ROE % for the quarter that ended in Jan. 2024 is calculated as

ROE %=Net Income (Q: Jan. 2024 )/( (Total Stockholders Equity (Q: Oct. 2023 )+Total Stockholders Equity (Q: Jan. 2024 ))/ count )
=123.536/( (389.053+419.025)/ 2 )
=123.536/404.039
=30.58 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jan. 2024) net income data. ROE % is displayed in the 30-year financial page.


Hibbett  (NAS:HIBB) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=123.536/404.039
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(123.536 / 1866.36)*(1866.36 / 930.0575)*(930.0575 / 404.039)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.62 %*2.0067*2.3019
=ROA %*Equity Multiplier
=13.28 %*2.3019
=30.58 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=123.536/404.039
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (123.536 / 158.236) * (158.236 / 162.432) * (162.432 / 1866.36) * (1866.36 / 930.0575) * (930.0575 / 404.039)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7807 * 0.9742 * 8.7 % * 2.0067 * 2.3019
=30.58 %

Note: The net income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Hibbett ROE % Related Terms

Thank you for viewing the detailed overview of Hibbett's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hibbett (Hibbett) Business Description

Traded in Other Exchanges
Address
2700 Milan Court, Birmingham, AL, USA, 35211
Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.
Executives
William G Quinn officer: SVP Digital Commerce 2700 MILAN COURT, BIRMINGHAM AL 35211
Ronald P Blahnik officer: SVP and CIO 2700 MILAN COURT, BIRMINGHAM AL 35211
Mark Anthony Gunn officer: SVP, CHRO 2700 MILAN COURT, BIRMINGHAM AL 35211
David Mitchell Benck officer: SVP General Counsel 2700 MILAN COURT, BIRMINGHAM AL 35211
James A Hilt director 1 EXPRESS DRIVE, COLUMBUS OH 43230
Dorlisa K Flur director POST OFFICE BOX 1017, CHARLOTTE NC 28201-1017
Pamela J Edwards director 104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ramesh Chikkala director 2700 MILAN COURT, BIRMINGHAM AL 35211
Jonalin S. Smith other: SVP Merchandising 2700 MILAN COURT, BIRMINGHAM AL 35211
Michael C. Mcabee other: SVP Supply Chain, Store Dev 2700 MILAN COURT, BIRMINGHAM AL 35211
Anthony F Crudele director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Michael E Longo director, officer: President and CEO
Alton E Yother director
Benjamin Ashley Knighten officer: SVP Operations 2700 MILAN COURT, BIRMINGHAM AL 35211
Linda Hubbard director 2700 MILAN COURT, BIRMINGHAM AL 35211