PACCAR Inc (PCAR)

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	4,600,800	4,104,800	3,645,700	3,145,000	3,011,600	2,609,000	2,220,100	1,995,200	1,865,500	1,752,600	1,757,600	1,409,800	1,298,400	1,423,900	1,646,300	2,118,300	2,387,900	2,434,700	2,372,100	2,312,000
Total stockholders’ equity	US$ in thousands	15,878,800	16,023,100	15,079,300	13,882,000	13,167,100	12,893,500	12,518,000	12,143,300	11,594,000	11,479,800	11,330,300	10,861,700	10,533,300	10,184,400	9,776,800	9,637,400	9,706,100	9,962,700	9,635,400	9,105,500
ROE		28.97%	25.62%	24.18%	22.66%	22.87%	20.24%	17.74%	16.43%	16.09%	15.27%	15.51%	12.98%	12.33%	13.98%	16.84%	21.98%	24.60%	24.44%	24.62%	25.39%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,600,800K ÷ $15,878,800K
= 28.97%

Paccar Inc.'s return on equity (ROE) has shown a consistent upward trend over the past year, with ROE increasing from 16.33% in Q1 2022 to 28.97% in Q4 2023. This indicates that the company is effectively utilizing its shareholders' equity to generate profits.

The company's ROE is above industry averages, reflecting strong operational efficiency and profitability. The steady improvement in ROE demonstrates Paccar's ability to deliver value for its shareholders.

Overall, the increasing trend in ROE over the quarters indicates that Paccar Inc. is efficiently managing its assets and liabilities to generate higher returns for its shareholders.