Insteel Industries Inc (IIIN)
Return on equity (ROE)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 19,305 | 20,262 | 24,262 | 22,424 | 32,415 | 51,095 | 79,089 | 113,005 | 125,011 | 125,857 | 105,693 | 81,596 | 66,610 | 48,884 | 37,153 | 26,597 | 19,009 | 9,816 | 5,342 | 2,027 |
| Total stockholders’ equity | US$ in thousands | 350,855 | 346,015 | 340,621 | 333,595 | 381,505 | 375,066 | 364,978 | 360,674 | 389,744 | 364,924 | 325,147 | 286,020 | 302,038 | 276,996 | 258,736 | 243,734 | 264,803 | 257,066 | 250,831 | 246,180 |
| ROE | 5.50% | 5.86% | 7.12% | 6.72% | 8.50% | 13.62% | 21.67% | 31.33% | 32.08% | 34.49% | 32.51% | 28.53% | 22.05% | 17.65% | 14.36% | 10.91% | 7.18% | 3.82% | 2.13% | 0.82% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $19,305K ÷ $350,855K
= 5.50%
Insteel Industries Inc's return on equity (ROE) has fluctuated over the past few years. The ROE was relatively low in the earlier periods, gradually increasing from 0.82% in Dec 2019 to 34.49% in Jun 2022. However, it has since decreased, with the latest ROE reported at 5.50% in Sep 2024.
The ROE measures the company's ability to generate profit from shareholders' equity, indicating efficiency in utilizing resources to generate earnings. Insteel Industries Inc's decreasing trend in ROE may suggest challenges in sustaining or improving profitability relative to shareholder equity. Further analysis is needed to understand the factors contributing to this trend and what strategic actions the company may take to enhance ROE in the future.
Peer comparison
Sep 30, 2024