Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. ![]() With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. On the whole, we feel that SiteOne Landscape Supply's performance has been quite good. This definitely contributes to the high earnings growth number that we discussed above. SiteOne Landscape Supply doesn't pay any dividend currently which essentially means that it has been reinvesting all of its profits into the business. Is SiteOne Landscape Supply Making Efficient Use Of Its Profits? Such as - high earnings retention or an efficient management in place. ![]() However, there could also be other drivers behind this growth. ![]() Consequently, this likely laid the ground for the impressive net income growth of 38% seen over the past five years by SiteOne Landscape Supply. Further, the company's ROE is similar to the industry average of 22%. To begin with, SiteOne Landscape Supply seems to have a respectable ROE. SiteOne Landscape Supply's Earnings Growth And 21% ROE Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. So far, we've learned that ROE is a measure of a company's profitability. What Has ROE Got To Do With Earnings Growth? Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.21 in profit. The 'return' is the income the business earned over the last year. So, based on the above formula, the ROE for SiteOne Landscape Supply is:Ģ1% = US$274m ÷ US$1.3b (Based on the trailing twelve months to October 2022). Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity View our latest analysis for SiteOne Landscape Supply How Do You Calculate Return On Equity? Put another way, it reveals the company's success at turning shareholder investments into profits. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Particularly, we will be paying attention to SiteOne Landscape Supply's ROE today. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. The staffs at our Santa Clarita, Canoga Park, Sun Valley, Oxnard, Palmdale, Paso Robles, Bakersfield, Visalia and Pacoima yards are always ready to serve you.SiteOne Landscape Supply (NYSE:SITE) has had a great run on the share market with its stock up by a significant 13% over the last three months. SiteOne Landscape Supply has eleven Southern California locations to serve you. We offer consulting, products and complete renovations for all your sports field needs! carries more products for sports fields than any other company in California. Santa Barbara, and hundreds of Little Leagues and Pony Leagues with our Infield mixes, Infield Conditioners, and Warning Track Nuggets. We have supplied The Los Angeles Dodgers, The Anaheim/LA Angels, Cal State Fullerton, City of Lynwood, CSUN, Cal State LA, City of Commerce, Masters College, City of Oxnard, Oxnard College, Pepperdine University, U.C. We are the West Coast distributor for Pro's Choice products. ![]() SiteOne Landscape Supply is a major supplier of sports field products. We stock and supply the finest natural and manufactured masonry and stone products available on the market. SiteOne Landscape Supply is a major supplier of Block, Brick, Stone, Steel and Cement for Residential, Commercial, Government, University and Church projects. is now apart of SiteOne Landscape Supply, offering superior hardscape products, project services, customer support and more. COVID-19 Update: How SiteOne is Preparing and Responding.
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