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The Odp Corporation  (ODP)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail

The Odp's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for The Odp in the third quarter 2023?
The Odp Corporation achieved a return on average equity (ROE) of 16.25 % in its third quarter 2023, this is above ODP's average return on equity of -3.7%.
The Odp Corporation shareholder's equity over the 12 months ending in its third quarter 2023 are valued at $1,188 million

ROE has advanced compared to 14.92% in the second quarter 2023, due to net income growth.

Within the Specialty Retail industry 14 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 843, from total ROE ranking in the second quarter 2023 at 1010.

What is ROE?



Return On Equity (Sep 30 2023)
III. Quarter
(Jul 01 2023)
II. Quarter
(Apr 01 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 24 2022)
III. Quarter
Y / Y Equity Change -22.95 % -23.27 % -23.06 % -10.5 % -
Y / Y Net Income Change 4.48 % 25.93 % 30.91 % - -33.66 %
Net Income (TTM) in Millions 193 190 183 166 -125
Return On Equity (TTM) 16.25 % 14.92 % 13.44 % 11.47 % -8.41 %
ODP's Total Ranking # 843 # 1010 # 1028 # 1128 # 0
Equity (TTM) in Millions 1,155 1,161 1,148 1,287 1,499
Seq. Equity Change -0.52 % 1.13 % -10.8 % -14.14 % -0.93 %
Seq. Net Income Change 105.88 % -52.78 % 323.53 % -74.63 % 148.15 %

Return On Equity Company Ranking
Within: No.
Industry # 15
Sector # 68
Overall # 843

Return On Equity Statistics
High Average Low
45.4 %
-3.7 %
-175.75 %
(Apr 01 2017)   (Sep. 30, 2009)



  News about The Odp Corporation

The ODP Corporation Announces Leadership Update and Positive Financial Performance


by
In a recent announcement, The ODP Corporation (ODP or the Company) shared the news that Mr. Gerry Smith, the Chief Executive Officer (CEO), will be resuming his position after a temporary medical leave, effective from February 1, 2024. Smith's return marks an important milestone for the company, as he brings leadership and vision to navigate the business services, products, and digital workplace technology solutions industry.
During Smith's absence, Mr. Joseph S. Vassalluzzo was appointed by the Board of Directors to oversee the executive responsibilities. This interim arrangement ensured a smooth transition and continuity in the Company's operations. The ODP Corporation acknowledges Vassalluzzo's contributions and appreciates his efforts.

The ODP Corporation: Embracing Change, Achieving Stellar Return on EquityNote: The title above captures the key aspects of the article by highlighting the incorporation of new leadership dynamics through Marcus Dunlop's departure from The ODP Corporation's Board of Directors, coupled with the company's exceptional return on equity performance in the third quarter of 2023.



In a recent press release, The ODP Corporation (NASDAQ:ODP) announced the departure of Marcus Dunlop, partner at HG Vora, from its Board of Directors after the expiration of the January 2021 Cooperation Agreement between the two entities. This development comes as the company reported encouraging financial results, particularly its return on equity (ROE), in the third quarter of 2023.
Facts and Analysis:
The ODP Corporation, a renowned provider of business services, products, and digital workplace technology solutions, expressed gratitude for Marcus Dunlop's service on the board until his departure on December 31, 2023. Although the exact reasons behind Mr. Dunlop's exit were not shared in the press release, this change in board composition could bring new perspectives and potentially benefit the company's decision-making process.




ODP Annual Return On Equity (Dec 31 2022)
2022
(Dec 25 2021)
2021
(Dec 26 2020)
2020
(Dec 28 2019)
2019
(Dec 29 2018)
2018
Total Equity in Millions 1,287 1,438 1,880 2,173 2,126
Y / Y Equity Change -10.5 % -23.51 % -13.48 % 2.21 % 0.28 %
Net Income in Millions 166 -208 -319 99 104
Y / Y Net Income Change - - - -4.81 % -42.54 %
Return On Equity 12.9 % -14.46 % -16.97 % 4.56 % 4.89 %





Annual Roe Comment
In 2022 ROE improved to 12.9 % compared to the previous year, due to net income growth.


More Return On Equity Ratios
Specialty Retail Industry Roe Trends and Statistics
Retail Sector Return On Equity Statistics
ODP's' Return on Equity at Yahoo Finance
ODP's Roe Ratio versus Specialty Retail Industry, Retail Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for ODP's Competitors
Return On Equity for The Odp's Suppliers
Roe for ODP's Customers




Companies with similar Return On Equity at Sep 30 2023, within Retail Sector ROE
Bj s Wholesale Club Holdings Inc   42.63 %
Sally Beauty Holdings Inc   41.12 %
Pool Corporation  40.51 %
Hibbett Inc   40.20 %
Casey s General Stores Inc   39.18 %
Ross Stores Inc   38.83 %
Dick s Sporting Goods inc   38.55 %
Virco Mfg Corporation  36.45 %
Burlington Stores Inc   36.35 %
Victorias Secret and Co   34.26 %
Fastenal Co  34.16 %
Builders Firstsource Inc   33.96 %
Dollar General Corporation  31.68 %
Target Corporation  30.69 %
Academy Sports And Outdoors Inc   29.75 %
Asbury Automotive Group Inc   29.35 %
Chico s Fas Inc   29.29 %
Abercrombie and Fitch Co   27.99 %
Costco Wholesale Corp  26.87 %
Group 1 Automotive Inc  26.74 %
Penske Automotive Group Inc   26.67 %
Envela Corporation  25.43 %
Walmart Inc   25.23 %
Designer Brands Inc   24.16 %
Core and Main Inc   23.88 %
Sprouts Farmers Market Inc   23.69 %
A mark Precious Metals Inc   22.85 %
Copart Inc   22.83 %
Urban Outfitters Inc   22.06 %
Gap Inc  21.97 %


Date modified: 2023-11-10T01:09:23+00:00



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