CH Robinson Worldwide Inc (CHRW)

Return on assets (ROA)

		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	325,129	390,349	534,198	785,067	940,524	1,074,429	1,095,684	941,288	844,245	761,954	651,430	601,580	506,421	457,720	468,085	493,326	576,968	665,012	694,013	683,996
Total assets	US$ in thousands	5,225,280	5,317,670	5,405,260	5,595,580	5,954,560	6,795,530	7,457,440	7,521,340	7,028,110	6,602,610	5,906,560	5,596,620	5,144,260	5,074,840	4,825,690	4,848,320	4,641,060	4,636,550	4,684,110	4,697,440
ROA		6.22%	7.34%	9.88%	14.03%	15.80%	15.81%	14.69%	12.51%	12.01%	11.54%	11.03%	10.75%	9.84%	9.02%	9.70%	10.18%	12.43%	14.34%	14.82%	14.56%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $325,129K ÷ $5,225,280K
= 6.22%

The return on assets (ROA) for C.H. Robinson Worldwide, Inc. has shown a declining trend over the past year, starting at 15.80% in Q4 2022 and decreasing to 6.22% in Q4 2023. This indicates that the company's ability to generate profits from its total assets has been decreasing over time.

The ROA peaked at 15.80% in Q4 2022 and has been gradually decreasing since then. The most recent ROA of 6.22% in Q4 2023 is the lowest among the reported quarterly figures. This declining trend may raise concerns about the company's operational efficiency and profitability relative to its asset base.

It is essential for investors and stakeholders to monitor this trend closely to assess the company's performance and strategic direction. Further analysis of the factors influencing the ROA, such as changes in revenue, expenses, and asset management, would provide valuable insights into the company's financial health and future prospects.