Acuity Brands Inc (AYI)
Return on equity (ROE)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 422,600 | 386,600 | 377,700 | 371,700 | 346,000 | 378,500 | 379,200 | 371,300 | 384,000 | 366,700 | 346,700 | 334,300 | 306,300 | 281,900 | 256,600 | 250,900 | 248,300 | 270,700 | 298,700 | 307,800 |
| Total stockholders’ equity | US$ in thousands | 2,378,800 | 2,254,700 | 2,149,600 | 2,064,100 | 2,015,400 | 1,969,800 | 1,947,600 | 1,903,500 | 1,911,800 | 1,918,600 | 2,104,300 | 2,072,900 | 2,044,500 | 2,039,100 | 1,932,500 | 1,937,000 | 2,127,500 | 2,095,700 | 2,045,100 | 1,987,300 |
| ROE | 17.77% | 17.15% | 17.57% | 18.01% | 17.17% | 19.22% | 19.47% | 19.51% | 20.09% | 19.11% | 16.48% | 16.13% | 14.98% | 13.82% | 13.28% | 12.95% | 11.67% | 12.92% | 14.61% | 15.49% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $422,600K ÷ $2,378,800K
= 17.77%
The return on equity (ROE) of Acuity Brands Inc has shown a fluctuating trend over the past several periods, ranging from 11.67% to 20.09%.
In the most recent period, as of August 31, 2024, the ROE stood at 17.77%, indicating that for every dollar of shareholders' equity, the company generated a return of 17.77 cents in profit.
Overall, the company has maintained a relatively stable ROE, with some ups and downs, suggesting a moderate level of profitability and efficiency in utilizing its shareholders' equity. However, there was a slight decline in the ROE in the latest period compared to the previous quarters in the series, which could be a point of attention for investors and management.
It is essential to continue monitoring the ROE to understand the company's ability to generate profits from its shareholders' equity and to assess its financial performance and efficiency over time.
Peer comparison
Aug 31, 2024