Thor Industries Inc (THO)
Return on equity (ROE)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 265,308 | 374,271 | 1,137,800 | 659,872 | 222,974 |
| Total stockholders’ equity | US$ in thousands | 4,067,430 | 3,976,020 | 3,592,860 | 2,921,840 | 2,319,780 |
| ROE | 6.52% | 9.41% | 31.67% | 22.58% | 9.61% |
July 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $265,308K ÷ $4,067,430K
= 6.52%
Thor Industries Inc's return on equity (ROE) has shown fluctuation over the past five years. In the most recent fiscal year, as of July 31, 2024, the ROE stood at 6.52%, reflecting a decrease compared to the previous year. The company's ROE had peaked at 31.67% in the fiscal year ending July 31, 2022, indicating strong profitability and efficient use of shareholders' equity. However, there was a noticeable decline in ROE in the subsequent fiscal year, followed by a recovery in the most recent year. Overall, Thor Industries Inc's ROE performance has been inconsistent, and further analysis of the underlying factors driving these fluctuations would be necessary to gain a deeper understanding of the company's financial health and operational efficiency.
Peer comparison
Jul 31, 2024