LKQ Corporation (LKQ)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 686,000 | 711,000 | 728,000 | 824,000 | 936,000 | 953,000 | 1,007,000 | 1,146,000 | 1,149,000 | 1,191,281 | 1,213,336 | 1,097,960 | 1,090,873 | 1,035,604 | 945,032 | 759,200 | 638,423 | 597,799 | 556,579 | 588,348 |
| Total stockholders’ equity | US$ in thousands | 6,017,000 | 6,234,000 | 6,129,000 | 6,159,000 | 6,167,000 | 5,958,000 | 5,953,000 | 5,691,000 | 5,453,000 | 5,262,000 | 5,590,000 | 5,784,000 | 5,771,740 | 5,901,810 | 5,877,920 | 5,842,630 | 5,655,720 | 5,388,190 | 5,118,510 | 4,957,840 |
| ROE | 11.40% | 11.41% | 11.88% | 13.38% | 15.18% | 16.00% | 16.92% | 20.14% | 21.07% | 22.64% | 21.71% | 18.98% | 18.90% | 17.55% | 16.08% | 12.99% | 11.29% | 11.09% | 10.87% | 11.87% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $686,000K ÷ $6,017,000K
= 11.40%
Based on the provided data, LKQ Corporation's return on equity (ROE) has shown some fluctuations over the last few years. The ROE ranged from a low of 10.87% in June 2020 to a high of 22.64% in September 2022.
The trend in ROE indicates that the company's profitability in terms of generating returns for its shareholders has generally improved from March 2020 to September 2022. However, from September 2022 to December 2024, there has been a gradual decline in the ROE.
Overall, the ROE performance of LKQ Corporation has been relatively stable with fluctuations within a certain range. It is essential for the company to closely monitor and assess the factors contributing to the ROE movements to sustain and potentially improve its profitability for shareholders in the future.