Werner Enterprises Inc (WERN)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	112,382	241,256	259,052	169,078	166,944
Total stockholders’ equity	US$ in thousands	1,528,340	1,443,640	1,327,550	1,195,040	1,111,010
ROE		7.35%	16.71%	19.51%	14.15%	15.03%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $112,382K ÷ $1,528,340K
= 7.35%

Werner Enterprises, Inc.'s return on equity (ROE) has exhibited fluctuations over the past five years. The ROE was 7.17% as of December 31, 2023, a decrease from the prior year's 16.28%. The downward trend in ROE is notable, as it was 19.00% in 2021 and 14.15% in 2020. Despite the recent decrease, the company's ROE remains above the level seen in 2019, which was 15.03%. Further analysis is required to understand the factors contributing to the changes in Werner Enterprises, Inc.'s ROE over the years.