Standex International Corporation (SXI)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,074 | 138,992 | 61,393 | 36,473 | 20,188 |
| Total assets | US$ in thousands | 1,005,060 | 1,024,930 | 934,439 | 962,223 | 930,878 |
| ROA | 7.27% | 13.56% | 6.57% | 3.79% | 2.17% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $73,074K ÷ $1,005,060K
= 7.27%
The Return on Assets (ROA) for Standex International Corporation has shown an improving trend over the past five years. In Jun 30, 2020, the ROA was 2.17%, which steadily increased to 3.79% in Jun 30, 2021, further improved to 6.57% in Jun 30, 2022, and continued to rise to 13.56% in Jun 30, 2023. However, in the latest period ending Jun 30, 2024, the ROA decreased to 7.27%.
Overall, the ROA trend indicates that Standex International Corporation has been effectively utilizing its assets to generate profits, with substantial improvements seen up until Jun 30, 2023. The recent decrease in ROA in Jun 30, 2024, may warrant further analysis to understand the factors influencing the company's profitability and asset utilization.
Peer comparison
Jun 30, 2024