Lindsay Corporation (LNN)

Return on equity (ROE)

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Net income	US$ in thousands	66,257	72,379	65,469	42,572	38,629
Total stockholders’ equity	US$ in thousands	480,893	455,651	393,358	338,445	298,518
ROE		13.78%	15.88%	16.64%	12.58%	12.94%

August 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $66,257K ÷ $480,893K
= 13.78%

Lindsay Corporation's return on equity (ROE) has fluctuated over the past five years, with values ranging from 12.58% in 2021 to 16.64% in 2022. The company's ROE decreased to 13.78% in 2024 from 15.88% in 2023. This downward trend indicates a decline in the company's ability to generate profit from its shareholders' equity. Overall, Lindsay Corporation's ROE performance over the past five years suggests some variability in its profitability and efficiency in utilizing shareholder funds.

Peer comparison

Aug 31, 2024

Company name

Symbol

ROE

Lindsay Corporation

LNN

13.78%