I use 2 references for plywood companies - Eksons which is relying on 3rd party for its logs and Taann with its own logging operations. Eksons decided to exit the plywood business in Jan 2023 while Taann is still manufacturing plywood.

You can see that FLBHD ROE was better than both pre-Covid. Refer to https://i.postimg.cc/gkshNMqt/FLBH.png
Go here for more details of Eksons.https://www.i4value.asia/2023/10/eksons-is-now-value-trap-oct-2023.html#more