Texas Roadhouse Inc (TXRH)

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	304,876	292,315	290,855	281,003	269,818	263,007	253,285	256,346	245,294	211,785	188,409	79,376	31,255	54,392	61,693	140,091	174,452	162,098	154,692	154,074
Total stockholders’ equity	US$ in thousands	1,141,660	1,103,960	1,082,980	1,055,250	1,012,640	977,575	938,892	1,019,780	1,058,120	1,065,170	1,046,840	993,621	927,505	902,916	868,021	896,292	915,994	893,975	890,852	973,493
ROE		26.70%	26.48%	26.86%	26.63%	26.65%	26.90%	26.98%	25.14%	23.18%	19.88%	18.00%	7.99%	3.37%	6.02%	7.11%	15.63%	19.05%	18.13%	17.36%	15.83%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $304,876K ÷ $1,141,660K
= 26.70%

Texas Roadhouse Inc's return on equity (ROE) has shown a relatively stable and consistently positive trend over the past couple of years, reflecting the company's ability to generate profit from shareholders' equity. The ROE ranged from 17.36% to 26.98% during the last two years, indicating a healthy level of profitability in relation to the equity invested by shareholders.

Notably, the ROE has been consistently above 20%, suggesting that Texas Roadhouse Inc is efficiently utilizing its equity to generate profits for its investors. The slight fluctuations in ROE over the quarters might be attributed to changes in the company's financial performance, strategic decisions, or economic conditions.

Overall, Texas Roadhouse Inc's ROE performance demonstrates strong financial management and a solid performance in generating returns for its shareholders, which is essential for sustaining the company's growth and value creation in the long term.