GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 229,000 | 202,000 | 199,000 | 185,000 | 197,000 | 207,000 | 216,000 | 176,000 | |||
| Total stockholders’ equity | US$ in thousands | 2,912,000 | 2,784,000 | 2,778,000 | 2,685,000 | 2,645,000 | 2,569,000 | 2,530,000 | 2,341,000 | 2,351,000 | 2,296,000 | 2,874,000 |
| ROE | 7.86% | 7.26% | 7.16% | 6.89% | 7.45% | 8.06% | 8.54% | 7.52% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $229,000K ÷ $2,912,000K
= 7.86%
To analyze GXO Logistics Inc's return on equity (ROE) over the past five quarters, we observe a relatively stable trend with slight fluctuations. The ROE for Q4 2023 was 7.86%, showing a modest increase from the previous quarter's 7.26%. This improvement suggests that the company is generating a higher level of net income relative to its shareholder equity. However, when compared to Q4 2022 where the ROE was 7.45%, the current quarter's performance indicates a moderate enhancement in profitability.
Despite these variations, GXO Logistics Inc's ROE has generally remained within a narrow range over the five quarters, reflecting consistent efficiency in generating returns for shareholders. It is essential to monitor future ROE trends to assess the company's financial performance and management effectiveness in utilizing equity to generate profits.
Peer comparison
Dec 31, 2023