Acuity Brands Inc (AYI)
Return on equity (ROE)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 422,600 | 346,000 | 384,000 | 306,300 | 248,300 |
| Total stockholders’ equity | US$ in thousands | 2,378,800 | 2,015,400 | 1,911,800 | 2,044,500 | 2,127,500 |
| ROE | 17.77% | 17.17% | 20.09% | 14.98% | 11.67% |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $422,600K ÷ $2,378,800K
= 17.77%
Acuity Brands Inc's return on equity (ROE) has shown a positive trend over the past five years. The ROE increased from 11.67% in August 2020 to 17.77% in August 2024. This signifies an improvement in the company's ability to generate profits from shareholders' equity.
The ROE was relatively stable between 2021 and 2023, ranging from 14.98% to 17.17%. However, there was a notable increase to 20.09% in August 2022, indicating a strong performance in that particular year.
Overall, Acuity Brands Inc's ROE consistently outperformed its ROE in previous years, reflecting efficient utilization of shareholders' equity to generate returns. This signals positive financial health and management efficiency within the company.
Peer comparison
Aug 31, 2024