Phibro Animal Health Corporation (PAHC)

Return on equity (ROE)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	2,416	32,606	49,175	54,385	33,552
Total stockholders’ equity	US$ in thousands	256,641	282,509	262,442	238,529	188,204
ROE		0.94%	11.54%	18.74%	22.80%	17.83%

June 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,416K ÷ $256,641K
= 0.94%

Phibro Animal Health Corporation's return on equity (ROE) has shown a declining trend over the past five years, decreasing from 17.83% in 2020 to 0.94% in 2024. This decrease indicates a deteriorating performance in generating profits relative to shareholders' equity. The ROE of 0.94% in 2024 raises concerns about the company's ability to effectively use equity to generate returns for shareholders. Further analysis would be required to understand the reasons behind this decline and to assess the company's overall financial health and efficiency in utilizing shareholder funds.