CH Robinson Worldwide Inc (CHRW)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	325,129	940,524	844,245	506,421	576,968
Total stockholders’ equity	US$ in thousands	1,418,700	1,353,420	2,021,930	1,879,930	1,670,730
ROE		22.92%	69.49%	41.75%	26.94%	34.53%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $325,129K ÷ $1,418,700K
= 22.92%

C.H. Robinson Worldwide, Inc.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE stands at 22.92%, which represents a decrease compared to the exceptionally high ROE of 69.49% in 2022. This decrease might indicate a decline in profitability or efficiency in generating returns for shareholders in 2023.

Looking further back, the ROE in 2021 was 41.75%, which was a significant improvement from 2020 when it was 26.94%. The ROE was also relatively high in 2019 at 34.53%.

Overall, the ROE for C.H. Robinson Worldwide, Inc. has shown variability over the years, with both increases and decreases. This fluctuation could be attributed to various factors such as changes in the company's profitability, asset utilization, or financial leverage. It would be important to further analyze the underlying financial and operational performance of the company to better understand the drivers behind these changes in ROE.