Lancaster Colony Corporation (LANC)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 158,613 | 111,286 | 89,586 | 142,332 | 136,983 |
| Total stockholders’ equity | US$ in thousands | 925,772 | 862,267 | 844,687 | 843,147 | 783,300 |
| ROE | 17.13% | 12.91% | 10.61% | 16.88% | 17.49% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $158,613K ÷ $925,772K
= 17.13%
Lancaster Colony Corporation's return on equity (ROE) has fluctuated over the past five years. In 2024, the company achieved an ROE of 17.13%, showing an improvement from the previous year's 12.91%. This indicates that for every dollar of common shareholders' equity, the company generated a return of 17.13 cents in 2024.
The ROE in 2023 was 12.91%, which represents a moderate increase from 2022's 10.61%. However, the company's ROE saw a decline from the high point of 17.49% in 2020 to 16.88% in 2021 before rebounding in 2024.
Overall, Lancaster Colony Corporation's ROE performance has been relatively strong, with results consistently above 10% in the past five years. The increasing trend in ROE from 2022 to 2024 may indicate improved efficiency in utilizing shareholder equity to generate profits, which could be a positive sign for the company's financial health and management effectiveness.
Peer comparison
Jun 30, 2024