AeroVironment Inc (AVAV)
Return on equity (ROE)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 59,666 | -176,167 | -4,185 | 23,345 | 41,070 |
| Total stockholders’ equity | US$ in thousands | 822,745 | 550,970 | 607,969 | 612,093 | 509,901 |
| ROE | 7.25% | -31.97% | -0.69% | 3.81% | 8.05% |
April 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $59,666K ÷ $822,745K
= 7.25%
AeroVironment Inc's return on equity (ROE) has fluctuated over the past five years. In April 2024, the ROE stood at 7.25%, showing an improvement compared to the previous year's -31.97%. However, it is still lower than the levels recorded in April 2020 and 2021, which were 8.05% and 3.81%, respectively. The ROE in April 2022 was negative at -0.69%.
The negative ROE in 2023 indicates that the company had a net loss for the year, resulting in a negative return on equity ratio. The improvement in 2024 suggests a recovery in the company's profitability and efficiency in generating returns for its shareholders. However, the ROE still remains below the levels seen in earlier years.
Overall, AeroVironment Inc's ROE trend indicates variability in its profitability and efficiency in utilizing shareholder equity to generate earnings. Further analysis of the company's financial performance and strategic initiatives may provide insights into the factors influencing these fluctuations in ROE.
Peer comparison
Apr 30, 2024