Plexus Corp (PLXS)

Return on equity (ROE)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	139,094	138,243	138,912	117,479	108,616
Total stockholders’ equity	US$ in thousands	1,214,380	1,095,730	1,028,230	977,480	865,576
ROE		11.45%	12.62%	13.51%	12.02%	12.55%

September 30, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $139,094K ÷ $1,214,380K
= 11.45%

To analyze Plexus Corp.'s return on equity (ROE) over the past five years, we can observe a gradual decline from 12.55% in 2019 to 11.45% in 2023. This suggests that the company's ability to generate profits from shareholders' equity has diminished over this period. A decreasing ROE may indicate inefficiencies in the utilization of equity capital, declining profitability, or increasing shareholder equity without a corresponding increase in net income. It would be important to further investigate the company's financial performance and management strategies to understand the factors contributing to this trend and to assess its future implications for shareholder value.