MSC Industrial Direct Company Inc (MSM)
Return on equity (ROE)
| Aug 31, 2024 | Sep 2, 2023 | Sep 3, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 258,594 | 343,233 | 339,786 | 216,907 | 251,117 |
| Total stockholders’ equity | US$ in thousands | 1,391,800 | 1,479,160 | 1,350,430 | 1,150,870 | 1,314,940 |
| ROE | 18.58% | 23.20% | 25.16% | 18.85% | 19.10% |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $258,594K ÷ $1,391,800K
= 18.58%
MSC Industrial Direct Company Inc's return on equity (ROE) has exhibited a fluctuating trend over the past five years. The ROE decreased from 23.20% in Sep 2, 2023, to 18.58% in Aug 31, 2024, indicating a decline in the company's profitability relative to its shareholders' equity.
The ROE was highest in Sep 3, 2022, at 25.16%, reflecting a peak performance in generating profit from shareholders' equity. This was followed by a decrease to 18.85% in Aug 28, 2021, before a slight increase to 19.10% in Aug 29, 2020.
Overall, despite fluctuations, the company has maintained a relatively healthy ROE range, suggesting that it has been effectively utilizing shareholders' equity to generate profits. Further analysis of the company's financial statements and operating performance may provide insights into the factors driving these ROE variations.
Peer comparison
Aug 31, 2024