Landstar System Inc (LSTR)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	264,394	430,914	381,524	192,106	227,720
Total stockholders’ equity	US$ in thousands	983,923	887,221	862,010	691,835	721,469
ROE		26.87%	48.57%	44.26%	27.77%	31.56%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $264,394K ÷ $983,923K
= 26.87%

Landstar System Inc's return on equity (ROE) has experienced fluctuations over the past five years. In 2023, the ROE stands at 26.87%, showing a decrease from the previous year's 48.57%. This decline suggests a reduction in the company's ability to generate profits from its shareholders' equity.

Comparing the ROE to 2021 and 2020, Landstar System Inc's performance appears relatively weaker in those years, with ROE figures of 44.26% and 27.77%, respectively. The highest ROE in this period was recorded in 2022 at 48.57%, indicating a strong performance in that particular year.

Overall, the company's ROE has shown some volatility, with fluctuations in profitability relative to the shareholders' equity. Further analysis of the components contributing to the ROE could provide insights into the drivers behind these fluctuations.