ArcBest Corp (ARCB)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	195,433	298,209	213,521	71,100	39,985
Total assets	US$ in thousands	2,485,090	2,494,290	2,112,680	1,779,010	1,651,210
ROA		7.86%	11.96%	10.11%	4.00%	2.42%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $195,433K ÷ $2,485,090K
= 7.86%

ArcBest Corp's return on assets (ROA) has shown a positive trend over the past five years. In 2023, the ROA stood at 7.86%, which is lower compared to the previous year but still indicates that the company is generating approximately $0.079 in profit for every dollar of assets. The significant increase in ROA from 2019 to 2022 demonstrates improved efficiency in asset utilization and/or profitability management. It peaked at 11.96% in 2022, showcasing the company's ability to generate higher returns relative to its asset base. Despite the slight decline in 2023, ArcBest Corp's ROA remains above the levels seen in 2020 and 2019, indicating relatively strong performance in utilizing its assets to generate profits. Overall, the trend suggests an improvement in ArcBest Corp's operational efficiency and profitability over the period under review.