Quanex Building Products (NX)
Return on equity (ROE)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,841 | 82,501 | 79,786 | 73,996 | 79,006 | 88,336 | 84,567 | 72,338 | 60,367 | 56,980 | 58,234 | 55,388 | 46,338 | 38,496 | -14,604 | -13,596 | -43,071 | -46,730 | -9,065 | -10,153 |
| Total stockholders’ equity | US$ in thousands | 555,029 | 545,554 | 525,955 | 492,727 | 475,688 | 464,835 | 450,137 | 436,174 | 424,499 | 419,782 | 405,389 | 395,097 | 377,708 | 355,759 | 339,938 | 323,957 | 329,933 | 330,187 | 361,350 | 360,888 |
| ROE | 15.65% | 15.12% | 15.17% | 15.02% | 16.61% | 19.00% | 18.79% | 16.58% | 14.22% | 13.57% | 14.36% | 14.02% | 12.27% | 10.82% | -4.30% | -4.20% | -13.05% | -14.15% | -2.51% | -2.81% |
January 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $86,841K ÷ $555,029K
= 15.65%
Quanex Building Products has shown a fluctuating trend in its return on equity (ROE) over the past few quarters. The ROE ranged from a low of -14.15% in October 2019 to a high of 19.00% in October 2022.
In recent periods, the company's ROE has generally been positive, with values ranging from 13.57% to 15.65%. This suggests that the company has been able to generate a decent return for its shareholders' equity during these periods.
Overall, the trend in ROE indicates that Quanex Building Products has been able to effectively utilize its equity to generate profits for its shareholders, albeit with some variations over time. This ratio provides insight into the company's efficiency in generating profits from its equity base and is an important indicator of financial performance.
Peer comparison
Jan 31, 2024