JB Hunt Transport Services Inc (JBHT)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	728,287	969,351	760,806	506,035	516,320
Total stockholders’ equity	US$ in thousands	4,103,760	3,666,770	3,117,820	2,600,140	2,267,030
ROE		17.75%	26.44%	24.40%	19.46%	22.78%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $728,287K ÷ $4,103,760K
= 17.75%

J.B. Hunt Transport Services, Inc.'s return on equity (ROE) has shown fluctuations over the past five years. The ROE decreased from 22.78% in 2019 to 19.46% in 2020, but then increased to 24.40% in 2021, further increasing to 26.44% in 2022. However, in 2023, the ROE saw a decline to 17.75%.

The ROE measures the profitability of a company by assessing its ability to generate profits from shareholders' equity. The decreasing trend in ROE from 2022 to 2023 indicates a potential decline in the company's ability to generate profits with the shareholders' investments. It is essential for investors and stakeholders to further evaluate the company's financial performance and strategies to understand the reasons behind the fluctuating trend in ROE.