Landstar System Inc (LSTR)

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	195,946	207,740	219,360	233,295	264,394	299,709	338,274	384,270	430,914	450,927	449,384	429,123	381,524	333,280	296,491	228,451	192,106	177,083	168,452	205,298
Total stockholders’ equity	US$ in thousands	972,439	1,015,920	1,000,810	1,017,910	983,923	1,043,150	993,561	935,652	887,221	873,173	856,870	856,149	862,010	899,690	830,173	762,919	691,835	705,634	649,121	627,095
ROE		20.15%	20.45%	21.92%	22.92%	26.87%	28.73%	34.05%	41.07%	48.57%	51.64%	52.44%	50.12%	44.26%	37.04%	35.71%	29.94%	27.77%	25.10%	25.95%	32.74%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $195,946K ÷ $972,439K
= 20.15%

Landstar System Inc's return on equity (ROE) has exhibited fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The ROE started at 32.74% in March 2020 and showed a downward trend until June 2021, where it reached 25.95%. Subsequently, the ROE increased steadily, peaking at 52.44% in June 2022. However, after June 2022, the ROE began to decline, dropping to 20.15% by December 31, 2024.

Overall, Landstar System Inc's ROE demonstrated both positive and negative movements during the period under review. The ROE figures suggest that the company was able to generate a satisfactory return on its equity for the most part of the period, with significant improvements seen in mid-2022. However, the declining trend observed in the latter part of the period may indicate potential challenges or changes in the company's financial performance and efficiency in utilizing its equity. Further analysis and consideration of the company's financial health and operational strategies would be necessary to fully assess the implications of these ROE fluctuations.