CH Robinson Worldwide Inc (CHRW)
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 | 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 stockholders’ equity | US$ in thousands | 1,418,700 | 1,404,580 | 1,388,110 | 1,381,390 | 1,353,420 | 1,677,560 | 2,052,420 | 2,095,500 | 2,021,930 | 1,950,800 | 1,906,170 | 1,868,190 | 1,879,930 | 1,873,360 | 1,704,330 | 1,587,120 | 1,670,730 | 1,673,100 | 1,659,310 | 1,652,560 |
| ROE | 22.92% | 27.79% | 38.48% | 56.83% | 69.49% | 64.05% | 53.38% | 44.92% | 41.75% | 39.06% | 34.17% | 32.20% | 26.94% | 24.43% | 27.46% | 31.08% | 34.53% | 39.75% | 41.83% | 41.39% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $325,129K ÷ $1,418,700K
= 22.92%
Based on the provided data, the return on equity (ROE) for C.H. Robinson Worldwide, Inc. has exhibited fluctuations over the past eight quarters. The ROE, which measures a company's profitability relative to its shareholders' equity, decreased from 69.49% in Q4 2022 to 22.92% in Q4 2023.
This reduction in ROE suggests a decline in the company's ability to generate profits from the shareholders' equity invested in the business. However, it is important to note that even at 22.92% in Q4 2023, the ROE of C.H. Robinson Worldwide, Inc. remains above industry average and indicates that the company is still generating a favorable return for its shareholders.
The variations in ROE over the quarters could be attributed to changes in the company's operational efficiency, financial leverage, or overall profitability. Further analysis of the underlying financial performance and strategic initiatives of C.H. Robinson Worldwide, Inc. would be necessary to gain a comprehensive understanding of the factors influencing its return on equity.
Peer comparison
Dec 31, 2023