American Woodmark Corporation (AMWD)
Return on equity (ROE)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 116,216 | 93,723 | -29,722 | 61,193 | 83,688 |
| Total stockholders’ equity | US$ in thousands | 910,376 | 873,788 | 772,883 | 756,238 | 632,473 |
| ROE | 12.77% | 10.73% | -3.85% | 8.09% | 13.23% |
April 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $116,216K ÷ $910,376K
= 12.77%
American Woodmark Corporation's return on equity (ROE) has varied over the past five years. In the latest fiscal year ending April 30, 2024, the ROE stood at 12.77%, showing improvement from the previous year's 10.73%. This indicates that the company generated a higher return for its shareholders relative to the equity invested in the business.
The ROE was negative at -3.85% in April 2022, signaling a period of underperformance where the company was not utilizing its shareholders' equity effectively to generate profits. However, the company managed to turn this around and achieve an ROE of 8.09% in April 2021, showing a positive trend.
The highest ROE of 13.23% was recorded in April 2019, indicating that the company was more efficient in utilizing its equity to generate profits compared to the subsequent years. Overall, American Woodmark Corporation has shown some fluctuations in its ROE over the past five years, with the latest data reflecting a positive performance in terms of generating returns for its shareholders.