GMS Inc (GMS)
Return on equity (ROE)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 276,079 | 295,285 | 308,155 | 330,351 | 332,991 | 333,894 | 330,502 | 301,710 | 273,442 | 230,692 | 185,435 | 139,543 | 105,560 | 30,358 | 25,111 | 25,780 | 23,381 | 81,462 | 76,398 | 72,172 |
| Total stockholders’ equity | US$ in thousands | 1,460,520 | 1,418,940 | 1,375,880 | 1,354,810 | 1,274,760 | 1,230,700 | 1,183,940 | 1,139,220 | 1,064,500 | 1,003,280 | 951,351 | 877,243 | 822,462 | 761,014 | 717,897 | 681,871 | 633,981 | 707,326 | 696,039 | 662,295 |
| ROE | 18.90% | 20.81% | 22.40% | 24.38% | 26.12% | 27.13% | 27.92% | 26.48% | 25.69% | 22.99% | 19.49% | 15.91% | 12.83% | 3.99% | 3.50% | 3.78% | 3.69% | 11.52% | 10.98% | 10.90% |
April 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $276,079K ÷ $1,460,520K
= 18.90%
The return on equity (ROE) of GMS Inc has shown a fluctuating trend over the past several periods. ROE measures a company's profitability by evaluating how effectively it is generating profits from shareholders' equity.
In the most recent period ending April 30, 2024, GMS Inc's ROE was 18.90%, showing a decrease compared to the previous period at 20.81%. This decline suggests a slightly lower level of profitability compared to the prior period.
Looking back further, there is a general trend of decreasing ROE from 27.13% in January 31, 2023, to 3.99% in April 30, 2021. This drop indicates a significant decline in profitability during this period.
However, the company then demonstrated a notable recovery in profitability, with ROE increasing significantly to 27.92% by October 31, 2022. The upward trend continued until July 31, 2023, where the ROE reached 24.38%, highlighting improved profitability.
In conclusion, the ROE of GMS Inc has been volatile over the periods analyzed, with fluctuations in profitability levels. Investors and stakeholders may want to closely monitor future ROE trends to assess the company's ability to generate returns from its equity.
Peer comparison
Apr 30, 2024