Lindsay Corporation (LNN)
Return on equity (ROE)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 66,257 | 72,750 | 69,252 | 69,181 | 72,379 | 71,079 | 79,271 | 75,785 | 65,469 | 53,344 | 46,068 | 43,378 | 42,572 | 51,442 | 43,739 | 37,379 | 38,629 | 25,458 | 18,261 | 9,305 |
| Total stockholders’ equity | US$ in thousands | 480,893 | 479,996 | 483,034 | 466,860 | 455,651 | 436,796 | 422,272 | 404,788 | 393,358 | 380,770 | 356,538 | 341,943 | 338,445 | 336,173 | 319,024 | 303,901 | 298,518 | 282,958 | 277,327 | 273,000 |
| ROE | 13.78% | 15.16% | 14.34% | 14.82% | 15.88% | 16.27% | 18.77% | 18.72% | 16.64% | 14.01% | 12.92% | 12.69% | 12.58% | 15.30% | 13.71% | 12.30% | 12.94% | 9.00% | 6.58% | 3.41% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $66,257K ÷ $480,893K
= 13.78%
ROE, or return on equity, is an important financial ratio that measures the profitability of a company by evaluating how effectively it generates profit from shareholders' equity. The ROE for Lindsay Corporation has varied over the past few quarters, ranging from 3.41% in November 2019 to 18.77% in February 2023.
Analyzing the trend in ROE, we can observe that there has been a general fluctuation in the ratio over the specified period. The ROE peaked at 18.77% in February 2023, indicating that the company was able to generate a higher return on equity for its shareholders during that period.
Although the ROE has shown some variability, it has generally remained above 10%, indicating that the company has been generating a decent return on the shareholders' equity. The highest ROE observed in February 2023 suggests that the company was particularly efficient in generating profits relative to its equity base during that quarter.
It is important to note that a higher ROE signifies better profitability and efficiency in utilizing shareholders' equity. Therefore, Lindsay Corporation's management should continue to focus on strategies that enhance ROE to create value for its shareholders.
Peer comparison
Aug 31, 2024