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Shoe Carnival ROE %

: 47.78% (As of Jul. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Shoe Carnival's annualized net income attributable to common stockholders for the quarter that ended in Jul. 2021 was $177 Mil. Shoe Carnival's average Total Stockholders Equity over the quarter that ended in Jul. 2021 was $370 Mil. Therefore, Shoe Carnival's annualized ROE % for the quarter that ended in Jul. 2021 was 47.78%.

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

NAS:SCVL' s ROE % Range Over the Past 10 Years
Min: 5.26   Med: 8.54   Max: 33.35
Current: 33.35

5.26
33.35

During the past 13 years, Shoe Carnival's highest ROE % was 33.35%. The lowest was 5.26%. And the median was 8.54%.

NAS:SCVL's ROE % is ranked lower than
51% of the 189 Companies
in the Retail - Cyclical industry.

( Industry Median: 10.33 vs. NAS:SCVL: 33.35 )

Shoe Carnival ROE % Historical Data

The historical data trend for Shoe Carnival'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.

Shoe Carnival Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.99 5.97 12.42 14.24 5.26

Shoe Carnival Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
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 14.16 19.83 9.71 52.38 47.78

Competitive Comparison

For the Apparel Retail subindustry, Shoe Carnival'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.

   

Shoe Carnival ROE % Distribution

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

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



Shoe Carnival ROE % Calculation

Shoe Carnival's annualized ROE % for the fiscal year that ended in Jan. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Jan. 2021 )/( (Total Stockholders Equity (A: Jan. 2020 )+Total Stockholders Equity (A: Jan. 2021 ))/ count )
=15.991/( (297.363+310.176)/ 2 )
=15.991/303.7695
=5.26 %

Shoe Carnival's annualized ROE % for the quarter that ended in Jul. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jul. 2021 )/( (Total Stockholders Equity (Q: Apr. 2021 )+Total Stockholders Equity (Q: Jul. 2021 ))/ count )
=176.848/( (350.275+389.912)/ 2 )
=176.848/370.0935
=47.78 %

* 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 attributable to common stockholders 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 attributable to common stockholders data used here is four times the quarterly (Jul. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Shoe Carnival  (NAS:SCVL) 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: Jul. 2021 )
=Net Income/Total Stockholders Equity
=176.848/370.0935
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(176.848 / 1328.92)*(1328.92 / 767.0725)*(767.0725 / 370.0935)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.31 %*1.7325*2.0726
=ROA %*Equity Multiplier
=23.06 %*2.0726
=47.78 %

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: Jul. 2021 )
=Net Income/Total Stockholders Equity
=176.848/370.0935
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (176.848 / 238.388) * (238.388 / 238.856) * (238.856 / 1328.92) * (1328.92 / 767.0725) * (767.0725 / 370.0935)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7418 * 0.998 * 17.97 % * 1.7325 * 2.0726
=47.78 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jul. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jul. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders 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.


Shoe Carnival ROE % Related Terms

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


Shoe Carnival Business Description

Shoe Carnival logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 448210 SIC : 5661
Traded in Other Exchanges
Address
7500 East Columbia Street, Evansville, IN, USA, 47715
Shoe Carnival Inc is a footwear retailer with hundreds of stores in the United States. It offers moderately priced, name-brand dress, casual, and athletic footwear for men, women, and children. Its average store has more than 27,000 pairs of shoes. The company promotes a shopping experience that includes contests, games, and a person on a stage with a microphone to announce limited-time specials. To enable its value-pricing strategy, Shoe Carnival minimizes staffing needs by housing all merchandise on the selling floor and leases store locations in open-air shopping centers. The company buys its merchandise from hundreds of vendors, with Nike and Skechers accounting for a substantial portion of total company sales. All merchandise goes through the company's distribution center in Indiana.
Executives
Sifford Clifton E director, officer: VICE CHAIRMAN & CEO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SIFFORD CLIFTON E a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Baker Timothy T officer: EXEC. VP - CHIEF RETAIL PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BAKER TIMOTHY T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Tomm Charles B. director 201 N. FRANKLIN STREET SUITE 2800 TAMPA FL 33602
Scibetta Carl N. officer: EVP - CHIEF MERCHANDISE OFF. 7500 EAST COLUMBIA STREET EVANSVILLE IN 47715
Kleeberger Kent A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KLEEBERGER KENT A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Aschleman James A director 300 N MERIDIAN ST STE 2700 INDIANAPOLIS IN 46204
Wood Joseph W director 4896 DEER RIDGE DRIVE SOUTH CARMEL IN 46033
Guthrie Andrea R. director 7500 EAST COLUMBIA STREET EVANSVILLE IN 47715
Jackson W Kerry officer: SENIOR EVP - CFO & CAO PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: JACKSON W KERRY a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Worden Mark J. officer: PRESIDENT & CHIEF CUSTOMER OFF 7500 E. COLUMBIA STREET EVANSVILLE IN 47715
Weaver Wayne J director, 10 percent owner, officer: CHAIRMAN OF THE BOARD TWO STAMFORD PLAZA 281 TRESSER BLVD P O BOX 1214 STAMFORD CT 06904-1214
Weaver Delores B 10 percent owner TWO STAMFORD PLAZA 281 TRESSER BLVD P O BOX 1214 STAMFORD CT 06904-1214
Gerstel Jeffrey C director 933 MACARTHUR BOULEVARD MAHWAH NJ 07430
Yearwood Kathy A officer: SVP CONTROLLER/PAO 7500 EAST COLUMBIA STREET EVANSVILLE IN 47715
Schoor Gerald W director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SCHOOR GERALD W a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Shoe Carnival Headlines

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