ESCO Technologies Inc (ESE)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,881 | 92,545 | 82,320 | 63,496 | 99,411 |
| Total stockholders’ equity | US$ in thousands | 1,237,350 | 1,131,140 | 1,048,160 | 1,019,700 | 959,026 |
| ROE | 8.23% | 8.18% | 7.85% | 6.23% | 10.37% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $101,881K ÷ $1,237,350K
= 8.23%
ESCO Technologies Inc's return on equity (ROE) has shown fluctuations over the past five years. The ROE for the most recent fiscal year ending September 30, 2024, was 8.23%, which is a marginal increase from the previous year's ROE of 8.18%. This suggests that the company's profitability in relation to shareholders' equity improved slightly.
Looking further back, the ROE was 7.85% in 2022 and 6.23% in 2021, indicating a trend of increasing ROE over these years. However, the ROE dipped significantly in 2021 compared to the prior years. The highest ROE was recorded in 2020 at 10.37%, signifying a peak in profitability relative to equity that year.
Overall, ESCO Technologies Inc's ROE has experienced fluctuations, with some years showing improvements while others displayed declines. Further analysis would be needed to understand the factors driving these trends and to assess the company's overall performance in utilizing shareholders' equity to generate profits.
Peer comparison
Sep 30, 2024