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Standex International (Standex International) ROE % : 12.42% (As of Dec. 2023)


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What is Standex International ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Standex International's annualized net income for the quarter that ended in Dec. 2023 was $75.5 Mil. Standex International's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $607.6 Mil. Therefore, Standex International's annualized ROE % for the quarter that ended in Dec. 2023 was 12.42%.

The historical rank and industry rank for Standex International's ROE % or its related term are showing as below:

SXI' s ROE % Range Over the Past 10 Years
Min: 4.36   Med: 12.89   Max: 25.12
Current: 23.39

During the past 13 years, Standex International's highest ROE % was 25.12%. The lowest was 4.36%. And the median was 12.89%.

SXI's ROE % is ranked better than
91.47% of 2954 companies
in the Industrial Products industry
Industry Median: 7.1 vs SXI: 23.39

Standex International ROE % Historical Data

The historical data trend for Standex International's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Standex International ROE % Chart

Standex International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.84 4.36 7.54 12.21 25.12

Standex International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.70 56.75 13.30 12.52 12.42

Competitive Comparison of Standex International's ROE %

For the Specialty Industrial Machinery subindustry, Standex International's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Standex International's ROE % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Standex International's ROE % distribution charts can be found below:

* The bar in red indicates where Standex International's ROE % falls into.



Standex International ROE % Calculation

Standex International's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %=Net Income (A: Jun. 2023 )/( (Total Stockholders Equity (A: Jun. 2022 )+Total Stockholders Equity (A: Jun. 2023 ))/ count )
=138.992/( (499.343+607.449)/ 2 )
=138.992/553.396
=25.12 %

Standex International's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=75.484/( (594.639+620.571)/ 2 )
=75.484/607.605
=12.42 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Standex International  (NYSE:SXI) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=75.484/607.605
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(75.484 / 713.6)*(713.6 / 993.247)*(993.247 / 607.605)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.58 %*0.7185*1.6347
=ROA %*Equity Multiplier
=7.6 %*1.6347
=12.42 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=75.484/607.605
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (75.484 / 97.924) * (97.924 / 113.548) * (113.548 / 713.6) * (713.6 / 993.247) * (993.247 / 607.605)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7708 * 0.8624 * 15.91 % * 0.7185 * 1.6347
=12.42 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Standex International ROE % Related Terms

Thank you for viewing the detailed overview of Standex International's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Standex International (Standex International) Business Description

Traded in Other Exchanges
Address
23 Keewaydin Drive, Salem, NH, USA, 03079
Standex International Corp is a us-based firm. It engages in manufacturing a variety of products and services for several commercial and industrial markets. It has five segments that include Electronics; Engraving; Scientific; Engineering Technologies and Specialty Solutions. With its business spread majorly in the United States, most of the company revenues come from the Electronics business that primarily includes manufacturing and selling of electronic components for applications throughout the end-user market spectrum.
Executives
Ademir Sarcevic officer: Vice President/CFO/Treasurer 5500 WAYZATA BOULEVARD, MINNEAPOLIS MN 55416
Barbara Joanne Edwards director 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Sean C Valashinas officer: Chief Accounting Officer C/O STANDEX INTERNATIONAL CORPORATION, 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Alan J Glass officer: Vice President/CLO
Thomas E Chorman director
David A. Dunbar director, officer: President/CEO 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Paul C. Burns other: Vice President Corporate Devel 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Cannon Charles H Jr director 200 E RANDOLPH DRIVE, CHICAGO IL 60601
Thomas J Hansen director 3600 W. LAKE AVENUE, GLENVIEW IL 60026-1215
Maschera Flavio officer: Vice President/Chief Innovatio 23 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Robin J Davenport director 23 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
James A. Hooven officer: VP Operations & Supply Chain ONE BATESVILLE BOULEVARD, BATESVILLE IN 47006
Annemarie Bell officer: Vice President Human Resources 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Thomas D. Debyle Chief Financial Officer, other: Insider STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079
Gerald H Fickenscher director 199 BENSON RD, MIDDLEBURY CT 06749