Lindsay Corporation (LNN)
Return on equity (ROE)
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 2,172 | 5,647 |
| Total stockholders’ equity | US$ in thousands | 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 | 268,209 | 270,394 |
| ROE | 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% | 0.81% | 2.09% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $69,252K ÷ $483,034K
= 14.34%
Lindsay Corporation's return on equity (ROE) has shown some fluctuations over the past few quarters. The ROE has ranged from a low of 0.81% in the third quarter of 2019 to a high of 18.77% in the first quarter of 2023. This indicates varying levels of efficiency in generating profits from shareholders' equity during these periods.
Overall, the ROE has generally been on an upward trend since the third quarter of 2019, with a few fluctuations in between. This suggests that the company has been improving its ability to generate profits from shareholders' equity over time. The ROE peaked at 18.77% in the first quarter of 2023, indicating a strong return relative to the equity invested by shareholders.
Investors and analysts may view the increasing trend in ROE positively, as it signifies improving profitability and efficiency in utilizing the company's equity. However, it is important to continue monitoring this ratio to ensure that the upward trend is sustained and does not reverse in the future.
Peer comparison
Feb 29, 2024