WD-40 Company (WDFC)
Return on equity (ROE)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 69,644 | 69,435 | 68,488 | 69,478 | 65,993 | 64,204 | 59,789 | 62,771 | 67,329 | 60,952 | 67,478 | 65,161 | 70,229 | 81,485 | 75,003 | 72,139 | 60,710 | 49,629 | 53,244 | 54,823 |
| Total stockholders’ equity | US$ in thousands | 230,526 | 222,242 | 216,278 | 215,932 | 210,178 | 205,827 | 197,272 | 191,370 | 188,624 | 195,229 | 198,850 | 198,398 | 200,382 | 202,632 | 187,580 | 174,500 | 160,313 | 144,983 | 147,959 | 145,992 |
| ROE | 30.21% | 31.24% | 31.67% | 32.18% | 31.40% | 31.19% | 30.31% | 32.80% | 35.69% | 31.22% | 33.93% | 32.84% | 35.05% | 40.21% | 39.98% | 41.34% | 37.87% | 34.23% | 35.99% | 37.55% |
August 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $69,644K ÷ $230,526K
= 30.21%
The Return on Equity (ROE) trend for WD-40 Company over the past 20 quarters indicates a relatively consistent performance with fluctuations within a certain range. The ROE has ranged between 30.21% to 41.34% during this period, with an average ROE of approximately 34.18%.
The ROE peaked in February 2021 at 41.34%, followed by a downward trend until August 2021. Subsequently, there was an upward trend in ROE, reaching 35.69% in August 2022, after which the ROE increased more significantly to 40.21% in May 2023.
Although the ROE saw some fluctuations over the quarters, it generally stayed above 30% throughout the period, indicating that WD-40 Company has been effectively utilizing its equity to generate profits for its shareholders. The variations in ROE could be influenced by factors such as changes in the company's profitability, efficiency, leverage, and equity investment strategies.
Overall, WD-40 Company's consistent ROE performance suggests effective management of its assets and liabilities to generate profits and create value for shareholders.
This continuous analysis of ROE over time provides insights into the company's financial health and operational efficiency, helping stakeholders assess its performance and make informed decisions.
Peer comparison
Aug 31, 2024