Schneider National Inc (SNDR)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	238,500	457,800	405,400	211,700	147,000
Total stockholders’ equity	US$ in thousands	2,956,800	2,837,200	2,423,800	2,055,500	2,236,400
ROE		8.07%	16.14%	16.73%	10.30%	6.57%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $238,500K ÷ $2,956,800K
= 8.07%

Schneider National Inc's return on equity (ROE) has fluctuated over the past five years. The ROE decreased from 16.73% in 2021 to 8.07% in 2023, indicating a decline in the company's profitability relative to the equity shareholders' investment. This decrease may raise concerns about the company's efficiency in generating profits from shareholders' equity. The ROE in 2023 is also lower than the ROE in 2022, suggesting a continuation of this trend.

Comparing the ROE in 2023 to the ROE in 2019, we see an overall improvement, indicating that Schneider National Inc has made progress in generating returns on equity over the five-year period, despite the recent decline. It is essential for the company to focus on enhancing its profitability and efficient capital utilization to improve its ROE in the future. Investors and stakeholders may further investigate the factors underlying the fluctuations in ROE to assess the company's financial health and performance.