ArcBest Corp (ARCB)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	195,433	183,980	237,905	299,923	298,209	326,360	301,209	259,729	213,521	171,947	137,660	92,559	71,100	41,637	28,503	36,999	39,985	60,833	85,339	62,196
Total stockholders’ equity	US$ in thousands	1,242,360	1,220,730	1,211,360	1,205,860	1,151,400	1,126,290	1,063,210	983,172	929,067	961,043	898,134	851,909	828,593	802,639	775,091	759,206	763,043	763,626	743,159	721,755
ROE		15.73%	15.07%	19.64%	24.87%	25.90%	28.98%	28.33%	26.42%	22.98%	17.89%	15.33%	10.86%	8.58%	5.19%	3.68%	4.87%	5.24%	7.97%	11.48%	8.62%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $195,433K ÷ $1,242,360K
= 15.73%

ArcBest Corp's return on equity (ROE) has shown a declining trend over the past two years, with a notable decrease from 28.98% in Q3 2022 to 15.73% in Q4 2023. This decline could indicate potential challenges in generating profits relative to shareholder equity.

The ROE peaked in Q1 2023 at 24.87% but has since been on a downward trajectory. This fluctuation suggests inconsistencies in the company's ability to efficiently utilize shareholder funds to generate earnings.

Despite the recent decrease, ArcBest Corp's ROE remains above 15% in the most recent quarter, indicating a satisfactory return for shareholders. However, management may need to focus on improving operational efficiency and profitability to sustain healthy ROE levels and drive long-term shareholder value.