Old Dominion Freight Line Inc (ODFL)

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	1,186,073	1,245,744	1,276,451	1,246,768	1,239,502	1,240,616	1,278,730	1,362,446	1,377,159	1,332,036	1,241,269	1,134,767	1,034,375	945,401	860,635	738,864	672,682	626,874	589,105	615,372
Total stockholders’ equity	US$ in thousands	4,244,590	4,175,740	4,111,900	4,401,640	4,257,810	4,063,120	3,832,040	3,746,500	3,652,920	3,558,170	3,555,830	3,503,310	3,679,810	3,419,900	3,402,380	3,191,920	3,326,290	3,170,830	2,982,470	3,016,050
ROE		27.94%	29.83%	31.04%	28.33%	29.11%	30.53%	33.37%	36.37%	37.70%	37.44%	34.91%	32.39%	28.11%	27.64%	25.30%	23.15%	20.22%	19.77%	19.75%	20.40%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,186,073K ÷ $4,244,590K
= 27.94%

Old Dominion Freight Line Inc has shown a fluctuating trend in its return on equity (ROE) over the past few years. The ROE increased from 20.40% in March 2020 to a peak of 37.70% in December 2022. This upward trend signals an improvement in the company's efficiency in generating profits from shareholders' equity.

However, after reaching its peak in December 2022, the ROE started to decline gradually, standing at 27.94% by the end of December 2024. This decline may indicate challenges in maintaining or growing profits relative to the equity invested in the company.

Overall, despite the recent decline, Old Dominion Freight Line Inc has generally demonstrated strong ROE performance, reflecting efficient utilization of shareholder funds to generate profits. It would be important for investors and stakeholders to monitor future ROE trends to assess the company's ability to create value for its shareholders.