Lindsay Corporation (LNN)
Return on equity (ROE)
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 72,379 | 65,469 | 42,572 | 38,629 | 2,172 |
| Total stockholders’ equity | US$ in thousands | 455,651 | 393,358 | 338,445 | 298,518 | 268,209 |
| ROE | 15.88% | 16.64% | 12.58% | 12.94% | 0.81% |
August 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $72,379K ÷ $455,651K
= 15.88%
Lindsay Corporation's return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE stands at 15.88%, a slight decrease from the prior year's 16.64%. Despite this decrease, the company has sustained a relatively robust ROE performance, reflecting the company's ability to generate profits from shareholders' equity. Compared to 2021 and 2020, the ROE has shown a noticeable improvement, indicating enhanced efficiency in utilizing shareholders' investments to generate earnings. The significant rise in ROE from 2019 to 2020 is particularly noteworthy, suggesting a substantial improvement in the company's profitability and operational effectiveness. Overall, the company's ROE trend has demonstrated a positive trajectory, signaling favorable returns to shareholders in recent years.
Peer comparison
Aug 31, 2023