Lancaster Colony Corporation (LANC)
Return on equity (ROE)
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 158,613 | 132,951 | 129,156 | 117,645 | 111,286 | 131,164 | 102,126 | 96,523 | 89,586 | 92,268 | 125,648 | 135,908 | 142,332 | 140,991 | 134,523 | 133,317 | 136,983 | 139,608 | 147,783 | 152,266 |
| Total stockholders’ equity | US$ in thousands | 925,772 | 912,852 | 908,326 | 878,768 | 862,267 | 873,184 | 879,550 | 862,071 | 844,687 | 838,622 | 865,009 | 850,055 | 843,147 | 831,113 | 826,360 | 801,106 | 783,300 | 773,284 | 772,758 | 749,665 |
| ROE | 17.13% | 14.56% | 14.22% | 13.39% | 12.91% | 15.02% | 11.61% | 11.20% | 10.61% | 11.00% | 14.53% | 15.99% | 16.88% | 16.96% | 16.28% | 16.64% | 17.49% | 18.05% | 19.12% | 20.31% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $158,613K ÷ $925,772K
= 17.13%
Lancaster Colony Corporation's return on equity (ROE) has shown some fluctuations over the past few quarters. The ROE has generally been above 10%, indicating that the company is generating a reasonable return for its shareholders.
There was a positive trend from the end of 2019 to mid-2021, with ROE increasing steadily from 19.12% to 20.31%. However, there was a slight decline in ROE in the following quarters, reaching a low point of 10.61% in the second quarter of 2022. Subsequently, there was a gradual improvement in ROE, reaching 17.13% in the most recent quarter, indicating a recovery in profitability and efficiency.
Overall, the company has demonstrated a solid performance in terms of ROE, and the recent uptrend indicates a positive outlook for the company's future profitability and shareholder value creation. It is important for the company to continue monitoring and managing its financial performance to sustain and potentially enhance its return on equity in the future.
Peer comparison
Jun 30, 2024