Phibro Animal Health Corporation (PAHC)

Return on equity (ROE)

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	2,416	13,162	14,799	20,735	32,606	28,595	36,242	46,497	49,175	58,809	53,281	48,617	54,385	42,906	44,246	43,339	33,552	36,712	38,060	40,914
Total stockholders’ equity	US$ in thousands	256,641	270,094	270,803	273,069	282,509	272,328	268,370	262,756	262,442	266,945	239,294	233,305	238,529	215,921	213,322	192,412	188,204	195,345	217,415	206,694
ROE		0.94%	4.87%	5.46%	7.59%	11.54%	10.50%	13.50%	17.70%	18.74%	22.03%	22.27%	20.84%	22.80%	19.87%	20.74%	22.52%	17.83%	18.79%	17.51%	19.79%

June 30, 2024 calculation

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

The Return on Equity (ROE) of Phibro Animal Health Corporation has exhibited fluctuations over the past few quarters. The company's ROE has ranged from a low of 0.94% in June 2024 to a high of 22.80% in September 2022.

Overall, Phibro Animal Health Corporation's ROE shows variability, with some periods of stronger performance compared to others. The ROE has generally been on an upward trend from December 2019 to September 2022, with peak levels reached in the latter part of this period. However, there has been a slight decline in ROE in more recent quarters.

Investors and stakeholders may want to closely monitor the company's ROE trend to assess its profitability and efficiency in generating returns for shareholders. Fluctuations in ROE could be attributed to factors such as changes in the company's financial structure, profitability, asset utilization, and operating efficiency. Further analysis and context regarding the business operations and industry conditions may provide additional insights into understanding the drivers behind Phibro Animal Health Corporation's ROE performance.