Return on Equity (ROE)
since 2005
Calculation
Bed Bath & Beyond Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net earnings (loss)1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Feb 26, 2022 | -321.35% | = | 100 | × | (559,623) | ÷ | 174,145) |
| Feb 27, 2021 | -11.81% | = | 100 | × | (150,773) | ÷ | 1,276,936) |
| Feb 29, 2020 | -34.78% | = | 100 | × | (613,816) | ÷ | 1,764,935) |
| Mar 2, 2019 | -5.36% | = | 100 | × | (137,224) | ÷ | 2,560,331) |
| Mar 3, 2018 | 14.71% | = | 100 | × | 424,858) | ÷ | 2,888,628) |
| Feb 25, 2017 | 25.19% | = | 100 | × | 685,108) | ÷ | 2,719,277) |
| Feb 27, 2016 | 32.88% | = | 100 | × | 841,489) | ÷ | 2,559,540) |
| Feb 28, 2015 | 34.90% | = | 100 | × | 957,474) | ÷ | 2,743,190) |
| Mar 1, 2014 | 25.94% | = | 100 | × | 1,022,290) | ÷ | 3,941,287) |
| Mar 2, 2013 | 25.44% | = | 100 | × | 1,037,788) | ÷ | 4,079,730) |
| Feb 25, 2012 | 25.23% | = | 100 | × | 989,537) | ÷ | 3,922,528) |
| Feb 26, 2011 | 20.13% | = | 100 | × | 791,333) | ÷ | 3,931,659) |
| Feb 27, 2010 | 16.43% | = | 100 | × | 600,033) | ÷ | 3,652,904) |
| Feb 28, 2009 | 14.17% | = | 100 | × | 425,123) | ÷ | 3,000,454) |
| Mar 1, 2008 | 21.97% | = | 100 | × | 562,808) | ÷ | 2,561,828) |
| Mar 3, 2007 | 22.43% | = | 100 | × | 594,244) | ÷ | 2,649,151) |
| Feb 25, 2006 | 25.32% | = | 100 | × | 572,847) | ÷ | 2,262,450) |
| Feb 26, 2005 | 22.91% | = | 100 | × | 504,964) | ÷ | 2,203,762) |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in thousands
The financial trajectory from 2005 to 2022 is characterized by an initial period of stability and growth, followed by a gradual deterioration in profitability, and concluding with a severe collapse of both earnings and shareholder equity.
- Net Earnings Performance
- Earnings exhibited a steady upward trend from 2005 through 2013, increasing from approximately 505 million to a peak of 1.04 billion. A subsequent downward trend emerged between 2014 and 2018, where earnings fell to 425 million. From 2019 to 2022, the company shifted to a period of consistent losses, with the most significant deficit occurring in 2020 at 614 million.
- Shareholders' Equity Trends
- Equity grew consistently during the first decade, rising from 2.2 billion in 2005 to a peak of 4.08 billion in 2013. Following this peak, equity began to fluctuate and eventually entered a state of rapid erosion. This decline accelerated sharply between 2019 and 2022, with the equity base contracting from 2.56 billion in 2018 to 174 million by February 2022.
- Return on Equity (ROE) Analysis
- ROE remained robust and relatively stable between 2005 and 2014, generally oscillating between 20% and 26%. A peak in efficiency was recorded in 2015 with an ROE of 34.90%. However, a sharp reversal occurred starting in 2018, as the ratio dropped to 14.71%. By 2019, the ROE turned negative, reflecting the onset of net losses. The ratio reached an extreme negative value of -321.35% in 2022, a result of significant net losses coinciding with a depleted equity base.
The correlation between the plummeting equity base and the increasing net losses suggests a critical depletion of financial buffers, leading to the exponential deterioration of the return on equity in the final years of the observed period.
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Comparison to Competitors
Bed Bath & Beyond Inc., ROE, long-term trends, comparison to competitors
| Bed Bath & Beyond Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 26, 2022 | -321.35% | -1.86% | — | — | 54.69% |
| Feb 27, 2021 | -11.81% | 24.13% | 390.00% | 406.05% | 1.55% |
| Feb 29, 2020 | -34.78% | 22.84% | — | 217.09% | 55.01% |
| Mar 2, 2019 | -5.36% | 18.67% | — | 63.50% | 60.61% |
| Mar 3, 2018 | 14.71% | 23.13% | 593.54% | 58.69% | 50.66% |
| Feb 25, 2017 | 25.19% | 10.95% | 183.64% | 48.07% | 50.95% |
| Feb 27, 2016 | 32.88% | 12.29% | 110.97% | 33.26% | 52.88% |
| Feb 28, 2015 | 34.90% | 4.45% | 68.06% | 27.07% | 51.95% |
| Mar 1, 2014 | 25.94% | -2.24% | 43.00% | 19.29% | 50.53% |
| Mar 2, 2013 | 25.44% | 2.81% | 25.51% | 14.14% | 52.01% |
| Feb 25, 2012 | 25.23% | -0.48% | 21.70% | 11.12% | 46.62% |
| Feb 26, 2011 | 20.13% | 8.13% | 17.67% | 11.10% | 43.33% |
| Feb 27, 2010 | 16.43% | 16.78% | 13.72% | 9.35% | 42.00% |
| Feb 28, 2009 | 14.17% | 17.16% | 12.71% | 12.16% | 41.26% |
| Mar 1, 2008 | 21.97% | 24.14% | 24.81% | 17.45% | 36.21% |
| Mar 3, 2007 | 22.43% | 39.77% | 23.02% | 19.75% | 32.23% |
| Feb 25, 2006 | 25.32% | 44.08% | 21.70% | 19.32% | 36.48% |
| Feb 26, 2005 | 22.91% | 145.93% | 20.70% | 18.86% | 40.17% |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Bed Bath & Beyond Inc., ROE, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Bed Bath & Beyond Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 26, 2022 | -321.35% | 17.48% |
| Feb 27, 2021 | -11.81% | 35.05% |
| Feb 29, 2020 | -34.78% | 40.86% |
| Mar 2, 2019 | -5.36% | 40.77% |
| Mar 3, 2018 | 14.71% | 44.19% |
| Feb 25, 2017 | 25.19% | 38.11% |
| Feb 27, 2016 | 32.88% | 37.81% |
| Feb 28, 2015 | 34.90% | 32.09% |
| Mar 1, 2014 | 25.94% | 24.32% |
| Mar 2, 2013 | 25.44% | 19.26% |
| Feb 25, 2012 | 25.23% | 15.66% |
| Feb 26, 2011 | 20.13% | 15.30% |
| Feb 27, 2010 | 16.43% | 14.12% |
| Feb 28, 2009 | 14.17% | 14.43% |
| Mar 1, 2008 | 21.97% | 22.32% |
| Mar 3, 2007 | 22.43% | 22.78% |
| Feb 25, 2006 | 25.32% | 21.78% |
| Feb 26, 2005 | 22.91% | 21.81% |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Bed Bath & Beyond Inc., ROE, long-term trends, comparison to industry (consumer discretionary)
| Bed Bath & Beyond Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 26, 2022 | -321.35% | 20.78% |
| Feb 27, 2021 | -11.81% | 33.71% |
| Feb 29, 2020 | -34.78% | 24.49% |
| Mar 2, 2019 | -5.36% | 34.62% |
| Mar 3, 2018 | 14.71% | 34.33% |
| Feb 25, 2017 | 25.19% | 22.85% |
| Feb 27, 2016 | 32.88% | 28.74% |
| Feb 28, 2015 | 34.90% | 29.03% |
| Mar 1, 2014 | 25.94% | 20.60% |
| Mar 2, 2013 | 25.44% | 20.34% |
| Feb 25, 2012 | 25.23% | 21.97% |
| Feb 26, 2011 | 20.13% | 34.92% |
| Feb 27, 2010 | 16.43% | 24.34% |
| Feb 28, 2009 | 14.17% | 25.32% |
| Mar 1, 2008 | 21.97% | 1.64% |
| Mar 3, 2007 | 22.43% | 16.06% |
| Feb 25, 2006 | 25.32% | 3.84% |
| Feb 26, 2005 | 22.91% | 19.92% |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).