Scholastic Corporation (SCHL)
Return on equity (ROE)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 12,100 | 86,500 | 81,000 | -10,900 | -43,700 |
| Total stockholders’ equity | US$ in thousands | 1,018,100 | 1,164,500 | 1,218,400 | 1,182,300 | 1,180,600 |
| ROE | 1.19% | 7.43% | 6.65% | -0.92% | -3.70% |
May 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $12,100K ÷ $1,018,100K
= 1.19%
Based on the data provided, Scholastic Corporation's return on equity (ROE) has shown varying trends over the past five years. In May 2024, the ROE stands at 1.19%, representing a decrease from the previous year's ROE of 7.42%.
The company's ROE was relatively stable between May 2022 and May 2023, ranging from 6.65% to 7.42%. However, prior to that, in May 2021, Scholastic Corporation experienced a negative ROE of -0.93%, indicating a net loss relative to shareholders' equity. The lowest ROE in the dataset was recorded in May 2020 at -3.71%.
Overall, the recent decline in ROE may suggest potential challenges in generating profits relative to shareholders' equity in the most recent fiscal year. Further analysis into the factors influencing this decline, such as profitability, asset utilization, or financial leverage, would be necessary to fully evaluate the company's performance in generating returns for its equity holders.
Peer comparison
May 31, 2024