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.