ArcBest Corp (ARCB)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	244,434	270,526	180,624	173,895	172,619	163,318	233,563	327,485	399,269	431,252	403,477	341,738	280,986	224,303	176,524	122,650	98,278	56,797	48,223	62,998
Total assets	US$ in thousands	2,429,730	2,414,180	2,408,530	2,357,140	2,485,090	2,437,450	2,414,100	2,431,590	2,494,290	2,440,110	2,293,710	2,209,700	2,112,680	1,962,430	1,841,470	1,768,020	1,779,010	1,746,230	1,870,760	1,834,360
Operating ROA		10.06%	11.21%	7.50%	7.38%	6.95%	6.70%	9.67%	13.47%	16.01%	17.67%	17.59%	15.47%	13.30%	11.43%	9.59%	6.94%	5.52%	3.25%	2.58%	3.43%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $244,434K ÷ $2,429,730K
= 10.06%

Operating return on assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operating activities relative to its total assets. For ArcBest Corp, the trend in Operating ROA over the past few quarters shows fluctuations.

ArcBest Corp's Operating ROA has shown a general increasing trend from March 31, 2020, to June 30, 2022, indicating an improvement in the company's ability to generate operating profits relative to its total assets during this period. The ratio increased steadily from 3.43% in March 2020 to a peak of 17.67% in September 30, 2022. This upward trend suggests improved operational efficiency and profitability.

However, from December 31, 2022, to December 31, 2024, the Operating ROA fluctuated, indicating some instability in the company's operational performance. The ratio peaked at 17.67% in September 30, 2022, and then declined to 6.95% in December 31, 2023, before showing a slight recovery to 10.06% by December 31, 2024.

In conclusion, while ArcBest Corp demonstrated a positive trend in Operating ROA in the earlier periods, there were fluctuations in the ratio in the later quarters. Further analysis of the company's operating performance and asset utilization may help in understanding the factors contributing to these fluctuations in Operating ROA.