Old Dominion Freight Line Inc (ODFL)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,186,070	1,239,500	1,377,160	1,034,380	672,682
Total stockholders’ equity	US$ in thousands	4,244,590	4,257,810	3,652,920	3,679,810	3,326,290
ROE		27.94%	29.11%	37.70%	28.11%	20.22%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,186,070K ÷ $4,244,590K
= 27.94%

Old Dominion Freight Line Inc's return on equity (ROE) has shown consistent growth over the past five years. Starting at 20.22% on December 31, 2020, the ROE has steadily increased to 28.11% in 2021, further rising to 37.70% by the end of 2022. However, there was a slight dip in the ROE to 29.11% in 2023, followed by a minor decrease to 27.94% as of December 31, 2024.

The company's ROE indicates how efficiently it is generating profits from shareholders' equity. The upward trend in ROE from 2020 to 2022 suggests that Old Dominion Freight Line Inc has been effectively utilizing its equity to generate returns. The drop in 2023 and 2024 could be due to various factors such as changes in the company's profitability, leverage, or asset management.

Overall, the fluctuation in Old Dominion Freight Line Inc's ROE over the five-year period indicates the company's ability to generate returns for its shareholders. Further analysis of the company's financial performance and factors affecting its ROE would provide more insights into its financial health and operational efficiency.