Marten Transport Ltd (MRTN)

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	26,922	33,688	43,532	57,517	70,373	83,488	95,536	105,323	110,354	109,570	105,198	94,955	85,428	80,302	77,072	73,788	69,500	65,644	64,187	61,243
Total stockholders’ equity	US$ in thousands	767,922	766,461	766,753	762,429	757,386	749,357	740,020	721,511	703,919	682,437	660,157	648,762	651,677	630,087	653,641	634,978	620,333	644,708	629,398	609,380
ROE		3.51%	4.40%	5.68%	7.54%	9.29%	11.14%	12.91%	14.60%	15.68%	16.06%	15.94%	14.64%	13.11%	12.74%	11.79%	11.62%	11.20%	10.18%	10.20%	10.05%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $26,922K ÷ $767,922K
= 3.51%

The return on equity (ROE) for Marten Transport Ltd has shown a fluctuating trend over the past few years. From March 31, 2020, to December 31, 2022, the ROE gradually increased from 10.05% to 15.68%. This upward trend indicates an improvement in the company's ability to generate profits from the shareholders' equity.

However, starting from March 31, 2023, the ROE began to decline, dropping to 3.51% by December 31, 2024. This significant decrease may suggest challenges in maintaining profitability relative to the amount of equity invested by shareholders.

It is crucial for Marten Transport Ltd to closely monitor and address the factors contributing to the declining ROE to ensure sustainable growth and profitability in the future. Investors and stakeholders should pay attention to the company's efforts to improve its financial performance and efficiency in utilizing shareholders' equity.