Standex International Corporation (SXI)
Return on assets (ROA)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 73,074 | 73,652 | 138,364 | 139,536 | 138,992 | 132,092 | 68,904 | 63,845 | 61,393 | 62,073 | 46,178 | 42,571 | 36,473 | 24,359 | 16,609 | 17,470 | 20,189 | 30,744 | 63,336 | 64,496 |
| Total assets | US$ in thousands | 1,005,060 | 993,506 | 1,005,060 | 981,433 | 1,024,930 | 1,015,090 | 956,685 | 921,259 | 934,439 | 973,568 | 970,570 | 960,642 | 962,223 | 946,338 | 958,657 | 941,902 | 930,878 | 956,922 | 967,815 | 949,292 |
| ROA | 7.27% | 7.41% | 13.77% | 14.22% | 13.56% | 13.01% | 7.20% | 6.93% | 6.57% | 6.38% | 4.76% | 4.43% | 3.79% | 2.57% | 1.73% | 1.85% | 2.17% | 3.21% | 6.54% | 6.79% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $73,074K ÷ $1,005,060K
= 7.27%
Standex International Corporation's return on assets (ROA) has shown fluctuations over the past few quarters. ROA indicates how efficiently the company is generating profits from its assets.
From December 2019 to June 2020, the ROA ranged from 6.54% to 6.79%, reflecting a relatively stable performance within this period. However, there was a decline in ROA in the following quarters, reaching a low of 1.73% in March 2021.
Subsequently, Standex International Corporation's ROA started to improve, with a gradual increase noted from 3.79% in December 2021 to 13.77% in December 2023. This significant improvement in ROA could indicate enhanced operational efficiency and profitability.
Although there was a slight decrease in the most recent quarter (June 2024) with an ROA of 7.27%, the overall trend suggests that the company has been able to effectively utilize its assets to generate higher returns compared to previous periods.
In conclusion, while there have been fluctuations in Standex International Corporation's ROA, the recent trend indicates an improvement in asset utilization and profitability, which could be a positive indicator for potential investors and stakeholders.
Peer comparison
Jun 30, 2024