Marten Transport Ltd (MRTN)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 26,922 | 70,373 | 110,354 | 85,428 | 69,500 |
| Total stockholders’ equity | US$ in thousands | 767,922 | 757,386 | 703,919 | 651,677 | 620,333 |
| ROE | 3.51% | 9.29% | 15.68% | 13.11% | 11.20% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $26,922K ÷ $767,922K
= 3.51%
Marten Transport Ltd's return on equity (ROE) has seen fluctuations over the years based on the provided data.
- As of December 31, 2020, the company's ROE stood at 11.20%. This indicates that for every dollar of shareholders' equity, the company generated a return of 11.20%.
- By December 31, 2021, Marten Transport Ltd's ROE had increased to 13.11%, showcasing an improvement in the company's ability to generate profit from shareholders' equity.
- The trend continued with a further increase in ROE to 15.68% by December 31, 2022, suggesting enhanced efficiency in utilizing equity to generate profits.
- However, by December 31, 2023, the ROE decreased to 9.29%, indicating a potential decline in the company's profitability relative to its equity base.
- The downward trend continued with a steep drop in ROE to 3.51% by December 31, 2024, pointing towards a significant decrease in the company's ability to generate profits from shareholders' equity.
Overall, Marten Transport Ltd's ROE has shown variability, with periods of improvement followed by declines. It is essential for stakeholders to monitor these fluctuations closely to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024