Eagle Materials Inc (EXP)
Return on equity (ROE)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 477,639 | 461,540 | 374,247 | 339,444 | 70,894 |
| Total stockholders’ equity | US$ in thousands | 1,308,540 | 1,185,690 | 1,133,560 | 1,358,990 | 967,843 |
| ROE | 36.50% | 38.93% | 33.02% | 24.98% | 7.32% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $477,639K ÷ $1,308,540K
= 36.50%
Eagle Materials Inc's return on equity (ROE) has demonstrated a positive trend over the past five years, indicating improved efficiency in generating profit from shareholders' equity. The ROE has increased from 7.32% in 2020 to 36.50% in 2024, reflecting a significant improvement in profitability and efficiency. This upward trend suggests that the company has been utilizing its equity more effectively to generate returns for shareholders. The steady increase in ROE from 2020 to 2023 highlights the company's consistent performance in enhancing shareholder value. Overall, Eagle Materials Inc's ROE performance indicates strong financial health and effective utilization of shareholders' equity to generate profits.