Landstar System Inc (LSTR)

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	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	227,720	245,928	259,658	261,081
Total stockholders’ equity	US$ in thousands	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	721,469	755,975	728,300	728,260
ROE		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%	31.56%	32.53%	35.65%	35.85%

December 31, 2023 calculation

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

Landstar System Inc's return on equity (ROE) has shown fluctuation over the past several quarters. The ROE was relatively high in the most recent quarter of December 2023 at 26.87%, indicating that the company generated a solid return for its shareholders. This was a slight decrease from the preceding quarter's ROE of 28.73%.

Looking further back, Landstar's ROE has generally been on an upward trend since the beginning of 2021, reaching a peak of 52.44% in June 2022. This suggests that the company was effectively utilizing its shareholders' equity to generate profits during this period.

However, there was a notable dip in ROE in the first quarter of 2023 to 29.94%, before rebounding to 41.07% in the following quarter. This fluctuation may indicate changes in the company's profitability and efficiency in managing its assets and liabilities.

Overall, Landstar System Inc's ROE performance has displayed both peaks and troughs, reflecting the inherent volatility in the company's financial performance. It is important for investors and stakeholders to continue monitoring the company's ROE to assess its financial health and sustainability over time.