Quanex Building Products (NX)
Return on equity (ROE)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 33,059 | 74,358 | 80,706 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,010,750 | 594,136 | 566,122 | 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 |
| ROE | 3.27% | 12.52% | 14.26% | 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% |
October 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $33,059K ÷ $1,010,750K
= 3.27%
Quanex Building Products' return on equity (ROE) has shown fluctuating performance over the past few quarters. The ROE was 3.27% in October 2024, which was a decrease from the previous quarter's ROE of 12.52%. The trend for ROE has been somewhat inconsistent but generally positive, with some quarters showing double-digit ROE figures.
Despite this, there have been periods of lower ROE, such as the negative ROE figures in the last three quarters of 2020. However, since then, the company has shown improvements in its ROE performance, reaching a high of 19.00% in October 2022.
Overall, while there have been fluctuations in Quanex Building Products' ROE over the periods analyzed, the company has generally demonstrated the ability to generate a return for its shareholders, albeit with varying degrees of success. Investors may want to closely monitor the company's financial performance to assess the sustainability of its ROE levels in the future.
Peer comparison
Oct 31, 2024