Neogen Corporation (NEOG)
Return on equity (ROE)
| Aug 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -16,615 | 1,566 | 11,778 | -26,576 | -22,870 | -13,483 | -16,230 | 36,439 | 48,307 | 49,108 | 57,042 | 62,099 | 60,882 | 61,469 | 60,292 | 60,683 | 59,475 | 58,943 | 59,816 | 59,591 |
| Total stockholders’ equity | US$ in thousands | 3,135,190 | 3,146,170 | 3,147,570 | 3,146,180 | 3,134,220 | 3,125,560 | 3,106,260 | 883,798 | 887,374 | 875,544 | 865,476 | 855,363 | 840,377 | 807,683 | 777,395 | 751,546 | 725,177 | 711,871 | 690,917 | 660,306 |
| ROE | -0.53% | 0.05% | 0.37% | -0.84% | -0.73% | -0.43% | -0.52% | 4.12% | 5.44% | 5.61% | 6.59% | 7.26% | 7.24% | 7.61% | 7.76% | 8.07% | 8.20% | 8.28% | 8.66% | 9.02% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-16,615K ÷ $3,135,190K
= -0.53%
Neogen Corporation's return on equity (ROE) has shown fluctuations over the past 20 reported periods. The trend indicates that the company's ROE has varied between negative values and positive values. In recent periods, the ROE has generally been positive, starting from Nov 30, 2021, where it stood at 6.59% and gradually increased to reach 9.02% by Aug 31, 2019.
The negative ROE values seen in some periods could suggest that the company may have incurred losses or faced challenges in generating returns for shareholders during those specific periods. However, the subsequent improvement in ROE indicates a potential turnaround in the company's performance, with a consistent increase in profitability as reflected in the rising values of ROE over time.
Overall, Neogen Corporation's ROE trajectory portrays a positive trend, implying that the company has been effectively utilizing its shareholders' equity to generate profits. This improvement in ROE signals healthy financial performance and efficient management of resources, which bodes well for the company's shareholders.
Peer comparison
Aug 31, 2024