Quanex Building Products (NX)
Return on equity (ROE)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 33,059 | 82,501 | 88,336 | 56,980 | 38,496 |
| Total stockholders’ equity | US$ in thousands | 1,010,750 | 545,554 | 464,835 | 419,782 | 355,759 |
| ROE | 3.27% | 15.12% | 19.00% | 13.57% | 10.82% |
October 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $33,059K ÷ $1,010,750K
= 3.27%
Quanex Building Products' return on equity (ROE) fluctuated over the past five years, ranging from a low of 3.27% in 2024 to a high of 19.00% in 2022. This indicates varying levels of profitability generated from shareholders' equity during this period. The company experienced a significant drop in ROE from 2022 to 2024, suggesting a potential decline in efficiency in utilizing shareholders' investments to generate profits. It is important for stakeholders to further investigate the factors contributing to this downward trend in ROE and assess the company's overall financial performance and sustainability.
Peer comparison
Oct 31, 2024