Standex International Corporation (SXI)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 121,886 | 101,738 | 171,089 | 88,294 | 59,165 |
| Total assets | US$ in thousands | 1,566,880 | 1,005,060 | 1,024,930 | 934,439 | 962,223 |
| Operating ROA | 7.78% | 10.12% | 16.69% | 9.45% | 6.15% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $121,886K ÷ $1,566,880K
= 7.78%
The Operating Return on Assets (ROA) of Standex International Corporation has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the data indicates an initial increase from 6.15% in 2021 to 9.45% in 2022, representing a growth of approximately 3.3 percentage points or a 53.66% relative increase. This upward trend became more pronounced in the subsequent year, with Operating ROA reaching 16.69% by June 30, 2023, more than doubling its 2022 figure and indicating a significant improvement in the efficiency with which the company utilizes its assets to generate operating profits.
However, following this peak in mid-2023, the Operating ROA experienced a decline, decreasing to 10.12% by June 30, 2024. This drop suggests a reduction in operating efficiency or a possible increase in asset base without a proportional increase in operating income. The downward trend continued into 2025, with the ratio further decreasing to 7.78%, returning it closer to the levels observed in 2021.
Overall, the pattern reflects a period of considerable enhancement in operating efficiency culminating in mid-2023, followed by a partial erosion of this performance in subsequent years. The fluctuations may be attributable to various factors such as changes in market conditions, operational adjustments, asset base variations, or strategic shifts within the company. The analysis indicates that while the company demonstrated strong operational profit generation relative to its assets during the peak years, recent declines warrant further investigation to understand underlying causes and assess the sustainability of past improvements.
Peer comparison
Jun 30, 2025