Haynes International Inc (HAYN)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 41,975 | 45,087 | -8,683 | -6,478 | 9,745 |
| Total stockholders’ equity | US$ in thousands | 434,324 | 375,488 | 343,321 | 301,501 | 296,275 |
| ROE | 9.66% | 12.01% | -2.53% | -2.15% | 3.29% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $41,975K ÷ $434,324K
= 9.66%
The return on equity (ROE) of Haynes International Inc. has exhibited volatility over the past five years. In 2019, the ROE stood at 3.29%, indicating the company's ability to generate a return for shareholders. However, in 2020 and 2021, the ROE turned negative, reflecting challenges in efficiently utilizing shareholders' equity to generate profits. In 2022, there was a notable improvement with the ROE increasing to 12.01%, suggesting a more effective use of equity to generate returns. However, by 2023, the ROE decreased to 9.66%, signaling a reduction in the company's ability to generate profits relative to the equity invested. This fluctuation in ROE highlights the company's varying efficiency in utilizing shareholders' equity to generate returns over the years, indicating potential fluctuations in profitability and operational effectiveness.
Peer comparison
Sep 30, 2023