RPM International Inc (RPM)
Return on equity (ROE)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 588,397 | 478,691 | 491,481 | 502,643 | 304,385 |
| Total stockholders’ equity | US$ in thousands | 2,510,880 | 2,140,840 | 1,982,430 | 1,741,060 | 1,262,440 |
| ROE | 23.43% | 22.36% | 24.79% | 28.87% | 24.11% |
May 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $588,397K ÷ $2,510,880K
= 23.43%
When analyzing RPM International Inc's return on equity (ROE) over the past five years, we observe the following trend:
- In May 2024, the ROE stands at 23.43%, indicating that for every dollar of shareholders' equity, the company generated a return of 23.43%.
- Compared to the previous year, there has been a slight increase in ROE from 22.36% in May 2023 to 23.43% in May 2024.
- Looking further back, ROE was recorded at 24.79% in May 2022, showing a decrease from the previous year.
- The highest ROE in the last five years was noted in May 2021 at 28.87%, suggesting strong profitability and efficient use of shareholders' equity.
- In May 2020, the ROE was 24.11%, which indicates a relatively lower return compared to the peak in May 2021.
Overall, the ROE trend reflects some fluctuations over the years, but the company has generally maintained a healthy return on equity, showcasing its ability to generate profits relative to shareholders' investments. Further analysis of the factors driving these fluctuations would provide deeper insights into the company's financial performance and management efficiency.
Peer comparison
May 31, 2024