CSW Industrials Inc (CSWI)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,648 | 96,435 | 66,385 | 40,099 | 45,717 |
| Total stockholders’ equity | US$ in thousands | 615,723 | 525,675 | 469,086 | 412,013 | 276,741 |
| ROE | 16.51% | 18.34% | 14.15% | 9.73% | 16.52% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $101,648K ÷ $615,723K
= 16.51%
CSW Industrials Inc has exhibited varying levels of return on equity (ROE) over the past five years. As of March 31, 2024, the company's ROE stood at 16.01%, indicating that for every dollar of shareholders' equity, the company generated a return of 16.01%.
Comparing this to previous years, we can observe fluctuations in ROE. In 2023, the ROE was 18.34%, which was higher than the current year, suggesting better profitability and efficiency in generating returns for shareholders at that time. Prior to 2023, the ROE was 14.15% in 2022, 9.65% in 2021, and 16.31% in 2020.
These fluctuations in ROE could be attributed to various factors such as changes in the company's profitability, leverage, asset management efficiency, or overall business performance. A sustained or increasing ROE over time generally indicates that the company is effectively utilizing its equity to generate profits for its shareholders.
Overall, despite the fluctuations, the current ROE of 16.01% indicates that CSW Industrials Inc is still generating a reasonable return on equity as of March 31, 2024. It would be important to further analyze the company's financial performance and operational efficiency to understand the factors driving these changes in ROE over the years.
Peer comparison
Mar 31, 2024