Matson Inc (MATX)

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	297,100	312,700	458,800	758,700	1,063,900	1,380,400	1,397,600	1,179,400	927,400	618,500	406,200	276,500	193,100	123,100	88,400	74,000	82,700	87,700	93,100	107,300
Total stockholders’ equity	US$ in thousands	2,400,700	2,390,300	2,290,000	2,270,300	2,296,900	2,298,600	2,133,600	1,910,700	1,667,400	1,344,800	1,172,800	1,028,900	961,200	891,800	815,500	800,200	805,700	797,700	765,200	763,000
ROE		12.38%	13.08%	20.03%	33.42%	46.32%	60.05%	65.50%	61.73%	55.62%	45.99%	34.64%	26.87%	20.09%	13.80%	10.84%	9.25%	10.26%	10.99%	12.17%	14.06%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $297,100K ÷ $2,400,700K
= 12.38%

Matson Inc's return on equity (ROE) has displayed a declining trend over the past 8 quarters, with Q1 2022 exhibiting the highest ROE at 65.50% and Q4 2023 showing the lowest ROE at 12.38%. This downward trend indicates that the company's profitability in generating returns for its shareholders has been weakening. The significant drop in ROE from Q1 2023 to Q4 2023, from 33.42% to 12.38%, raises concerns about the company's operational efficiency and financial health. Further analysis and investigation into Matson Inc's financial performance, operational strategies, and market conditions are recommended to address the persistent decline in ROE.