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Rite Aid Return on Average Equity Trend from 2010 to 2020

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RAD -- USA Stock  

Earning Report: April 9, 2020  

Rite Aid Return on Average Equity is increasing over the years with slightly volatile fluctuation. Return on Average Equity is expected to dwindle to 0.43. During the period from 2010 to 2020 Rite Aid Return on Average Equity anual values regression line had coefficient of variation of(127.56) and r-squared of  0.32. Rite Aid Earning Before Interest and Taxes EBIT is expected to significantly increase based on the last few years of reporting. The last year's Earning Before Interest and Taxes EBIT was at 741.99 Million. The current year Interest Expense is expected to grow to about 363.4 M, whereas Cost of Revenue is expected to decline to about 15.9 B.
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Check Rite Aid financial statements over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 18.1 B, Consolidated Income of 2 B or Cost of Revenue of 15.9 B, as well as many exotic indicators such as Interest Coverage of 2.05, Long Term Debt to Equity of 105 or PPandE Turnover of 12.37. This can be a perfect complement to check Rite Aid Valuation or Volatility. It can also complement various Rite Aid Technical models. Additionally, take a look at the analysis of Rite Aid Correlation with competitors.

Rite Aid Return on Average Equity Marginal Breakdown

Showing smoothed Return on Average Equity of Rite Aid Corporation with missing and latest data points interpolated. Return on equity measures a corporation's profitability by calculating the amount of [NetIncCmn] returned as a percentage of [EquityAvg].
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42.83 

          10 Years Trend
Increasing
Slightly volatile
 Return on Average Equity 
    
  Timeline 

Rite Aid Return on Average Equity Regression Statistics

Arithmetic Mean(20.03)
Coefficient Of Variation(127.56)
Mean Deviation 16.79
Median(30.29)
Standard Deviation 25.55
Sample Variance 653.01
Range 82.12
R-Value 0.57
Mean Square Error 490.81
R-Squared 0.32
Significance 0.07
Slope 4.38
Total Sum of Squares 6,530

Rite Aid Return on Average Equity Over Time

2010 (30.29) 
2019  51.83 
2020  0.43 

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Rite Aid Fundamental Drivers

Rite Aid Corporation Fundamental Market Drivers

Short Percent Of Float29.63%
Forward Price Earnings65.77
Shares Short Prior Month18.63M
Average Daily Volume Last 10 Day8.61M
Average Daily Volume In Three Month7.99M
Date Short InterestMarch 13, 2020
Fifty Day Average14.73
Two Hundred Day Average11.27

Rite Aid Upcoming Events

Rite Aid Upcoming Company Events

Upcoming Quarterly Earning ReportApril 9, 2020
Next Earnings ReportJune 24, 2020
Next Fiscal Quarter EndFebruary 29, 2020
Next Fiscal Year EndApril 9, 2020
Last Quarter Report DateNovember 30, 2019
Last Earning Anouncement DateFebruary 28, 2019
Additionally, take a look at the analysis of Rite Aid Correlation with competitors. Please also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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