Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 29, 2024.

Return on Equity (ROE)
since 2010

Microsoft Excel

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Calculation

Dollar General Corp., ROE, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).

1 US$ in thousands


The analysis of the financial data reveals several important trends in profitability and equity efficiency over the examined period.

Net Income Trends
Net income shows a general upward trajectory from 2010 through 2021, starting at approximately $339 million and peaking near $2.65 billion in 2021. However, after this peak, there is a decline observed in 2022 and 2023, with net income dropping to about $1.66 billion by early 2024. This indicates a significant reduction in profitability following a period of sustained growth.
Shareholders’ Equity Trends
Shareholders' equity steadily increased from about $3.39 billion in 2010 to a high near $6.7 billion by early 2020. Post-2020, the equity value experienced fluctuations, initially declining to approximately $5.54 billion in 2023, then rising again to around $6.75 billion in early 2024. This pattern suggests some variability in retained earnings or capital changes occurring in the most recent years.
Return on Equity (ROE) Analysis
ROE demonstrates a consistent increase overall, moving from around 10% in 2010 to a peak exceeding 43% in 2023. This indicates improved efficiency in generating profits from shareholders' equity over the examined timeframe. Despite the recent decrease in net income, the ROE remains relatively high at nearly 25% in 2024 compared to the earlier years, suggesting that the equity base adjustments have amplified the return metric.
Combined Insights
The company's profitability grew strongly over the initial years, supported by corresponding expansion in equity. The marked peak in ROE during 2021-2023, coupled with declining net income and fluctuating equity, may indicate effective capital management or share buybacks that enhanced returns despite lower earnings. The decline in net income post-2021 warrants further investigation to identify external or operational factors impacting performance.

Comparison to Competitors

Dollar General Corp., ROE, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).


Comparison to Sector (Consumer Staples Distribution & Retail)

Dollar General Corp., ROE, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).


Comparison to Industry (Consumer Staples)

Dollar General Corp., ROE, long-term trends, comparison to industry (consumer staples)

Microsoft Excel

Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).