MSC Industrial Direct Company Inc (MSM)
Return on equity (ROE)
| Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 258,594 | 290,501 | 313,976 | 331,269 | 343,233 | 359,765 | 364,242 | 355,033 | 339,786 | 301,589 | 296,366 | 244,520 | 216,907 | 203,469 | 186,738 | 224,153 | 251,117 | 265,229 | 267,127 | 280,051 |
| Total stockholders’ equity | US$ in thousands | 1,391,800 | 1,401,620 | 1,390,510 | 1,385,070 | 1,479,160 | 1,489,260 | 1,420,930 | 1,386,340 | 1,350,430 | 1,296,120 | 1,223,970 | 1,182,750 | 1,150,870 | 1,144,650 | 1,112,110 | 1,124,480 | 1,314,940 | 1,294,900 | 1,257,300 | 1,510,860 |
| ROE | 18.58% | 20.73% | 22.58% | 23.92% | 23.20% | 24.16% | 25.63% | 25.61% | 25.16% | 23.27% | 24.21% | 20.67% | 18.85% | 17.78% | 16.79% | 19.93% | 19.10% | 20.48% | 21.25% | 18.54% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $258,594K ÷ $1,391,800K
= 18.58%
Over the past years, MSC Industrial Direct Company Inc has demonstrated varying levels of return on equity (ROE). ROE is a measure of a company's profitability that indicates how efficiently it is using its shareholders' equity to generate profit.
From February 2022 to September 2023, the company's ROE showed a consistent upward trend, reaching a peak of 25.63% in March 2023. This period suggests that the company was effectively generating profits relative to its shareholders' equity.
However, the ROE started to decrease from September 2023 to August 2024, with the lowest recorded ROE being 16.79% in May 2021. This downward trend indicates that the company's profitability relative to shareholder equity decreased during this period.
Overall, based on the data provided, MSC Industrial Direct Company Inc has maintained a relatively healthy ROE, fluctuating between 16.79% and 25.63% over the analyzed period. It is important for investors to monitor the company's ROE over time to assess its financial performance and efficiency in generating returns for shareholders.
Peer comparison
Aug 31, 2024