Cintas Corporation (CTAS)

Return on equity (ROE)

		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	Aug 31, 2019
Net income (ttm)	US$ in thousands	1,571,592	1,503,478	1,431,726	1,381,406	1,348,010	1,296,270	1,285,891	1,256,267	1,235,757	1,209,018	1,151,954	1,142,142	1,110,968	987,831	963,967	925,230	876,037	957,571	926,385	923,278
Total stockholders’ equity	US$ in thousands	4,316,370	4,234,080	3,994,480	4,077,640	3,863,990	3,633,260	3,430,540	3,229,630	3,308,200	3,293,900	3,563,130	3,309,200	3,687,850	3,816,510	3,597,960	3,604,800	3,235,200	3,324,310	3,104,970	3,050,710
ROE		36.41%	35.51%	35.84%	33.88%	34.89%	35.68%	37.48%	38.90%	37.35%	36.70%	32.33%	34.51%	30.13%	25.88%	26.79%	25.67%	27.08%	28.81%	29.84%	30.26%

May 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,571,592K ÷ $4,316,370K
= 36.41%

Based on the provided data on Cintas Corporation's return on equity (ROE) over the past several periods, we can see that the company has maintained a generally strong and consistent performance in generating returns for its shareholders.

The ROE has ranged from 25.67% to 38.90% over the past 20 quarters, with an average ROE of approximately 33.79% during this period. This indicates that Cintas has been effectively utilizing its equity to generate profits for its shareholders.

The fluctuations in ROE may be attributed to various factors such as changes in the company's profitability, leverage, and efficiency in managing its assets. Overall, Cintas has demonstrated a solid ability to generate a high return on the equity invested in the company, which is a positive signal for investors.

It is essential for investors to continue monitoring Cintas Corporation's ROE trend to assess the company's financial performance and evaluate its ability to create value for its shareholders in the future.