Commercial Metals Company (CMC)

Return on equity (ROE)

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Net income	US$ in thousands	485,491	859,760	1,217,260	412,865	279,503
Total stockholders’ equity	US$ in thousands	4,299,780	4,120,870	3,286,200	2,294,880	1,889,200
ROE		11.29%	20.86%	37.04%	17.99%	14.79%

August 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $485,491K ÷ $4,299,780K
= 11.29%

Commercial Metals Company's return on equity (ROE) has demonstrated fluctuations over the past five years. In particular, the ROE decreased from 20.86% in 2023 to 11.29% in 2024, marking a significant decline. This downward trend contrasts with the notable increase in ROE observed between 2021 and 2022, where the figure surged from 17.99% to 37.04%. Overall, although the company experienced fluctuations in ROE, the metric has generally remained positive, indicating the company's ability to generate profits from shareholders' equity. Further investigation into the factors driving these changes would be necessary to better understand Commercial Metals Company's performance and strategic direction.