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.
Peer comparison
Dec 31, 2023