AAR Corp (AIR)
Return on equity (ROE)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 46,300 | 90,200 | 78,700 | 35,800 | 4,400 |
| Total stockholders’ equity | US$ in thousands | 1,189,800 | 1,099,100 | 1,034,500 | 974,400 | 902,600 |
| ROE | 3.89% | 8.21% | 7.61% | 3.67% | 0.49% |
May 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $46,300K ÷ $1,189,800K
= 3.89%
AAR Corp's Return on Equity (ROE) has shown a fluctuating trend over the past five years. In the fiscal year ending May 31, 2024, the ROE was 3.89%, indicating a decrease from the previous year.
Compared to the previous years, the ROE was relatively lower in 2021 and 2020 at 3.67% and 0.49%, respectively. However, there was an improvement in ROE in 2023 at 8.21%, which was the highest in the given period.
It is essential to further investigate the factors contributing to the fluctuations in ROE to understand why there has been variability in AAR Corp's profitability and how sustainable their return on equity is in the long run.
Peer comparison
May 31, 2024