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