JB Hi-Fi Ltd
ASX:JBH
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| AU |
|
JB Hi-Fi Ltd
ASX:JBH
|
12B AUD |
29%
|
|
| US |
|
Best Buy Co Inc
NYSE:BBY
|
14.9B USD |
30%
|
|
| US |
|
GameStop Corp
NYSE:GME
|
13.2B USD |
4%
|
|
| JP |
|
Hikari Tsushin Inc
TSE:9435
|
1.8T JPY |
14%
|
|
| VN |
M
|
Mobile World Investment Corp
VN:MWG
|
90.2T VND |
16%
|
|
| JP |
|
Yamada Holdings Co Ltd
TSE:9831
|
365.4B JPY |
4%
|
|
| CN |
|
Suning.Com Co Ltd
SZSE:002024
|
17.3B CNY |
5%
|
|
| JP |
|
Nojima Corp
TSE:7419
|
273.3B JPY |
17%
|
|
| UK |
|
Currys PLC
LSE:CURY
|
1.4B GBP |
10%
|
|
| SA |
|
United Electronics Company JSC
SAU:4003
|
6.9B SAR |
38%
|
|
| JP |
|
Bic Camera Inc
TSE:3048
|
262B JPY |
12%
|
JB Hi-Fi Ltd
Glance View
JB Hi-Fi Ltd. began its journey in 1974 with a single store in Melbourne, Australia, founded by John Barbuto. Initially, it focused on selling quality Hi-Fi equipment at competitive prices. From this modest beginning, the company expanded by tapping into a diverse range of consumer electronics and home appliances, always staying attuned to market trends and customer preferences. By establishing itself as a go-to destination for tech enthusiasts and everyday consumers alike, JB Hi-Fi managed to grow its footprint across Australia and New Zealand. Its growth was fueled not only by smart acquisitions—like the purchase of The Good Guys, a major retailer in home appliances—but also by a relentless focus on providing a wide array of electronics at appealing price points, ensuring a significant market share in the consumer retail sector. Today, JB Hi-Fi’s business model centers around offering a broad product range—from televisions and computers to mobile phones, audio equipment, and gaming consoles—positioning itself at a sweet spot of price and selection. The company effectively draws customers by blending competitive pricing, an extensive selection, and a customer-centric approach exemplified by its in-store experiences and knowledgeable staff. E-commerce has also played a crucial role in its revenue stream, modernizing its operations and expanding its reach beyond physical stores. This mix not only helps JB Hi-Fi retain a loyal customer base but also facilitates steady financial performance, underscored by a strategy that harmonizes physical and digital retail practices in a rapidly evolving marketplace.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on JB Hi-Fi Ltd's most recent financial statements, the company has ROE of 29.1%.
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