Knight Transportation Inc (KNX)

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	217,149	376,505	511,106	667,272	771,325	877,240	888,623	821,935	743,388	631,101	546,981	474,366	410,002	335,117	287,678	286,694	309,206	393,458	424,720	436,838
Total stockholders’ equity	US$ in thousands	7,087,390	7,113,500	7,070,280	7,024,910	6,945,000	6,806,420	6,621,060	6,570,690	6,533,150	6,292,660	6,085,260	5,936,840	5,869,850	5,879,020	5,763,460	5,688,060	5,666,220	5,603,120	5,530,070	5,542,760
ROE		3.06%	5.29%	7.23%	9.50%	11.11%	12.89%	13.42%	12.51%	11.38%	10.03%	8.99%	7.99%	6.98%	5.70%	4.99%	5.04%	5.46%	7.02%	7.68%	7.88%

December 31, 2023 calculation

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

Knight-Swift Transportation Holdings Inc's return on equity (ROE) has shown a declining trend over the past eight quarters, starting at 13.42% in Q1 2022 and decreasing to 3.06% in Q4 2023. This suggests a decreasing profitability relative to the equity invested in the company. Factors contributing to this decline may include changes in the company's net income, the level of shareholder equity, or both. Further investigation into the company's financial performance and management of assets and liabilities may be warranted to understand the root causes of this trend and to identify potential areas for improvement.