Expeditors International of Washington Inc (EXPD)

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	752,883	813,440	1,056,296	1,237,301	1,357,399	1,590,955	1,535,814	1,474,381	1,415,492	1,161,280	993,519	861,016	696,140	634,846	603,760	573,040	590,395	632,279	634,750	622,206
Total stockholders’ equity	US$ in thousands	2,390,350	2,489,780	2,555,930	3,147,170	3,110,020	3,482,180	3,525,250	3,843,390	3,494,430	3,417,360	3,079,450	2,874,790	2,659,640	2,502,030	2,159,120	2,034,810	2,195,030	2,207,380	2,050,970	2,124,270
ROE		31.50%	32.67%	41.33%	39.31%	43.65%	45.69%	43.57%	38.36%	40.51%	33.98%	32.26%	29.95%	26.17%	25.37%	27.96%	28.16%	26.90%	28.64%	30.95%	29.29%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $752,883K ÷ $2,390,350K
= 31.50%

Expeditors International Of Washington, Inc. has demonstrated relatively consistent and strong return on equity (ROE) performance over the past eight quarters, with values ranging from 31.50% to 45.69%. The company's ROE peaked at 45.69% in Q4 2022 and has since exhibited a slight decline but generally remained above 30%.

The ROE figures indicate that Expeditors International Of Washington, Inc. has been effectively utilizing its equity to generate profits for its shareholders. However, the slight decrease in ROE over the quarters may suggest potential challenges in maintaining or improving profitability levels.

Overall, the company's ROE performance signifies strong financial health and efficient management of shareholder investments. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and profitability.