Bio-Techne Corp (TECH)

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	168,105	203,001	224,160	246,700	285,262	271,302	261,823	291,991	272,051	225,487	210,530	176,631	140,411	184,298	174,948	248,296	229,299	186,911	195,133	93,067
Total stockholders’ equity	US$ in thousands	2,068,850	2,014,380	1,963,560	1,997,750	1,966,520	1,889,690	1,827,110	1,751,150	1,701,770	1,714,380	1,702,990	1,639,360	1,562,970	1,539,450	1,521,920	1,439,280	1,381,190	1,291,270	1,323,350	1,174,220
ROE		8.13%	10.08%	11.42%	12.35%	14.51%	14.36%	14.33%	16.67%	15.99%	13.15%	12.36%	10.77%	8.98%	11.97%	11.50%	17.25%	16.60%	14.47%	14.75%	7.93%

June 30, 2024 calculation

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

Based on the provided data, Bio-Techne Corp's return on equity (ROE) has shown fluctuation over the past several quarters. The ROE for the company ranged from a low of 7.93% in the fourth quarter of 2019 to a high of 17.25% in the first quarter of 2020.

The ROE trended upwards from the fourth quarter of 2019 to the first quarter of 2020, indicating improved efficiency in generating profits from shareholders' equity. However, the ROE experienced some volatility in the subsequent quarters, with fluctuations in the range of 8% to 16%.

It is important to note that a higher ROE indicates better profitability and efficiency in utilizing shareholders' equity. Bio-Techne Corp's ROE showed signs of improvement in the more recent quarters, with levels exceeding 10%. This may suggest that the company has been able to generate higher returns for shareholders in those periods.

Further analysis would be required to understand the factors driving the changes in ROE and to assess the company's overall financial performance and sustainability.