Scholastic Corporation (SCHL)
Return on equity (ROE)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 12,100 | 51,900 | 59,200 | 57,600 | 86,300 | 62,700 | 66,600 | 59,600 | 80,900 | 36,400 | 37,800 | 4,600 | -11,000 | -31,600 | -61,000 | -25,100 | -43,800 | -12,900 | 17,800 | 18,400 |
| Total stockholders’ equity | US$ in thousands | 1,018,100 | 997,600 | 1,079,100 | 1,054,600 | 1,162,900 | 1,148,400 | 1,216,500 | 1,164,800 | 1,217,000 | 1,183,800 | 1,208,800 | 1,148,300 | 1,180,800 | 1,175,400 | 1,186,400 | 1,146,000 | 1,179,200 | 1,197,900 | 1,260,000 | 1,195,400 |
| ROE | 1.19% | 5.20% | 5.49% | 5.46% | 7.42% | 5.46% | 5.47% | 5.12% | 6.65% | 3.07% | 3.13% | 0.40% | -0.93% | -2.69% | -5.14% | -2.19% | -3.71% | -1.08% | 1.41% | 1.54% |
May 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $12,100K ÷ $1,018,100K
= 1.19%
Scholastic Corporation's return on equity (ROE) has shown some fluctuations over the recent quarters. The ROE was relatively low in the most recent period ending May 31, 2024, at 1.19%. This signifies that the company generated a low level of profit relative to its shareholder equity during that period.
However, comparing the May 31, 2024 ROE to the prior periods, there seems to be a decrease from the ROE observed in Feb 29, 2024 (5.20%). This decline could indicate potential challenges or changes in the company's profitability and efficiency in generating returns for its shareholders.
Looking back at the trend over the past few quarters, the ROE has been somewhat volatile, with fluctuations between 5% and 0.40%. This inconsistency in ROE could suggest underlying issues in the company's operational performance, asset management, or financial leverage.
It is crucial for Scholastic Corporation to analyze the factors contributing to the fluctuations in ROE and to focus on improving profitability, operational efficiency, and optimizing its capital structure to enhance shareholder value in the future.
Peer comparison
May 31, 2024