Knight Transportation Inc (KNX)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	217,149	771,325	743,388	410,002	309,206
Total stockholders’ equity	US$ in thousands	7,087,390	6,945,000	6,533,150	5,869,850	5,666,220
ROE		3.06%	11.11%	11.38%	6.98%	5.46%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $217,149K ÷ $7,087,390K
= 3.06%

Knight-Swift Transportation Holdings Inc's return on equity (ROE) has fluctuated over the past five years, ranging from as low as 3.06% in 2023 to as high as 11.38% in 2021. The ROE was relatively stable in 2020 and 2021, then saw a decrease in 2023. This indicates that the company's ability to generate profit from its shareholders' equity has been inconsistent over the period analyzed. Further analysis of the underlying factors contributing to these fluctuations would be necessary to provide a more comprehensive assessment of Knight-Swift Transportation Holdings Inc's financial performance.