Standex International Corporation (SXI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 621,503 | 618,982 | 620,571 | 594,639 | 607,449 | 605,550 | 529,417 | 491,690 | 499,343 | 527,620 | 523,450 | 512,730 | 506,425 | 482,653 | 498,190 | 476,568 | 461,632 | 466,804 | 489,604 | 472,921 |
| ROE | 11.76% | 11.90% | 22.30% | 23.47% | 22.88% | 21.81% | 13.02% | 12.98% | 12.29% | 11.76% | 8.82% | 8.30% | 7.20% | 5.05% | 3.33% | 3.67% | 4.37% | 6.59% | 12.94% | 13.64% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $73,074K ÷ $621,503K
= 11.76%
The return on equity (ROE) of Standex International Corporation has shown fluctuations over the past several quarters. The ROE ranged from as low as 3.33% in March 2021 to as high as 23.47% in September 2023. The ROE has generally been trending upwards since March 2021, with some fluctuations.
The company's ROE was below 10% in the quarters leading up to March 2021 but has since improved significantly, exceeding 20% in some quarters. This indicates an improvement in the company's ability to generate profits from shareholders' equity.
Although the ROE has shown variability, it is important to assess the reasons behind these fluctuations. A high ROE can be a positive indicator of efficient use of equity investment, while a low ROE may signify less effective use of shareholders' funds. It is advisable to further investigate the specific factors contributing to these changes in ROE to gain a deeper understanding of Standex International Corporation's financial performance.
Peer comparison
Jun 30, 2024