JB Hunt Transport Services Inc (JBHT)

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	728,286	776,054	858,005	923,795	969,352	1,010,258	940,705	857,525	760,806	672,604	598,271	547,807	506,035	496,704	489,618	501,553	516,320	460,325	473,025	491,044
Total stockholders’ equity	US$ in thousands	4,103,760	4,018,100	3,911,920	3,797,370	3,666,770	3,505,110	3,324,860	3,253,540	3,117,820	2,922,230	2,799,030	2,722,070	2,600,140	2,487,420	2,390,840	2,282,420	2,267,030	2,193,530	2,135,360	2,203,760
ROE		17.75%	19.31%	21.93%	24.33%	26.44%	28.82%	28.29%	26.36%	24.40%	23.02%	21.37%	20.12%	19.46%	19.97%	20.48%	21.97%	22.78%	20.99%	22.15%	22.28%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $728,286K ÷ $4,103,760K
= 17.75%

J.B. Hunt Transport Services, Inc.'s return on equity (ROE) has shown a decreasing trend throughout the quarters provided. The ROE decreased from 26.44% in Q4 2022 to 17.75% in Q4 2023. The ROE has been declining steadily from Q4 2022 to Q4 2023, indicating a decrease in the company's ability to generate profits from shareholders' equity. This declining trend may raise concerns about the company's efficiency in utilizing its equity to generate returns for its shareholders. Further analysis and comparison with industry peers would be beneficial to understand the underlying reasons for this decline in ROE.