Applied Industrial Technologies (AIT)

The analysis of Applied Industrial Technologies' return on equity (ROE) over the specified period indicates a pattern of initial growth followed by stabilization and slight fluctuations. As of June 30, 2021, the ROE was 15.52%, representing a relatively modest return on shareholders' equity. Between this period and June 30, 2022, the ROE increased significantly to 22.40%, suggesting improved profitability or more efficient use of equity capital. The upward trend continued into June 30, 2023, reaching 23.77%, the highest point within the analyzed timeframe, reflecting sustained enhancements in operational performance or profit margins.

Following this peak, the ROE experienced a marginal decline to 22.84% by June 30, 2024, indicating a slight decrease in profitability or efficiency. By June 30, 2025, the ROE further decreased to 21.31%, though it remained substantially higher than the level recorded in June 2021. Overall, the trend portrays a period of robust growth in ROE during the early phase, followed by a stabilization that suggests the company maintained relatively high profitability levels, albeit with some minor fluctuations. This trajectory reflects the company's ability to generate strong returns on shareholders' equity over these years, with the fluctuations possibly attributable to operational, market, or macroeconomic factors affecting profitability and asset utilization.