Standex International Corporation (SXI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 621,503 | 607,449 | 499,343 | 506,425 | 461,632 |
| ROE | 11.76% | 22.88% | 12.29% | 7.20% | 4.37% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $73,074K ÷ $621,503K
= 11.76%
Standex International Corporation's return on equity (ROE) has shown variability over the past five years. The ROE for the most recent period ending June 30, 2024, stands at 11.76%, representing a decline from the previous year's figure of 22.88%. This decrease indicates a lower level of profitability generated from shareholders' equity during the period.
Looking back over the five-year period, Standex International Corporation experienced fluctuations in ROE, with the highest ROE observed in June 30, 2023, at 22.88%, and the lowest in June 30, 2020, at 4.37%. The company's ROE has generally been on an upward trend, apart from the recent decrease in the most recent year.
The changes in ROE suggest that Standex International Corporation's management may be effectively utilizing shareholders' equity to generate profits, although the recent dip in ROE warrants further investigation to understand the causes behind the decline. Overall, the company's ROE performance indicates a mix of profitability levels over the past five years, reflecting varying levels of efficiency in generating returns for shareholders.
Peer comparison
Jun 30, 2024