Bio-Techne Corp (TECH)

Return on equity (ROE)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	168,105	285,263	272,051	140,410	229,296
Total stockholders’ equity	US$ in thousands	2,068,850	1,966,520	1,701,770	1,562,970	1,381,190
ROE		8.13%	14.51%	15.99%	8.98%	16.60%

June 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $168,105K ÷ $2,068,850K
= 8.13%

The return on equity (ROE) for Bio-Techne Corp has fluctuated over the past five years. In the most recent period ending June 30, 2024, the ROE was 8.13%, indicating a decrease compared to the previous year. The ROE was higher in June 30, 2023, and June 30, 2022, at 14.51% and 15.99% respectively, showing a declining trend in profitability since then.

The ROE was lowest in June 30, 2021, at 8.98%, and then increased in June 30, 2020, to 16.60%. Overall, the company's ROE performance has been somewhat volatile, with variations in profitability over the years. It is essential for stakeholders to closely monitor these fluctuations to assess the company's ability to generate profits from shareholders' equity.