Thor Industries Inc (THO)

Return on equity (ROE)

Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Net income (ttm) US$ in thousands 265,308 265,580 271,788 291,651 374,271 564,927 792,259 1,031,747 1,137,804 1,087,141 922,401 788,357 659,872 548,760 389,517 285,666 222,974 195,861 204,477 170,387
Total stockholders’ equity US$ in thousands 4,067,430 4,003,230 3,936,420 3,915,460 3,976,020 3,891,900 3,780,780 3,642,360 3,592,860 3,433,890 3,225,660 3,102,840 2,921,840 2,732,700 2,570,240 2,392,740 2,319,780 2,086,670 2,112,840 2,113,530
ROE 6.52% 6.63% 6.90% 7.45% 9.41% 14.52% 20.95% 28.33% 31.67% 31.66% 28.60% 25.41% 22.58% 20.08% 15.15% 11.94% 9.61% 9.39% 9.68% 8.06%

July 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $265,308K ÷ $4,067,430K
= 6.52%

The return on equity (ROE) of Thor Industries Inc has displayed fluctuating trends over the past few years, ranging from a low of 6.52% in July 2024 to a high of 31.67% in July 2022. The ROE peaked at 31.67% in July 2022 and has since shown a decreasing trend but remained above 20% until April 2023.

There was a significant decrease in ROE from 20.95% in January 2023 to 14.52% in April 2023, followed by a substantial drop to 9.41% in July 2023. This declining trend continued until July 2024 when the ROE further decreased to 6.52%.

Overall, the ROE of Thor Industries Inc has experienced fluctuations over the past several quarters, with a general downward trend observed in recent periods, which may indicate a decreasing profitability relative to shareholders' equity. It is essential for stakeholders to monitor this ratio closely to assess the company's efficiency in generating profit from its equity base.


Peer comparison

Jul 31, 2024

Company name
Symbol
ROE
Thor Industries Inc
THO
6.52%
Winnebago Industries Inc
WGO
8.76%