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The Odp Corporation (ODP) |
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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?
Select the Comparisons :
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Select the Ratio:
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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) |
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(Sep. 30, 2009) |
News about The Odp Corporation |
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.
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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.
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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.
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