ArcBest Corp (ARCB)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 173,961 | 195,433 | 298,209 | 213,521 | 71,100 |
| Total assets | US$ in thousands | 2,429,730 | 2,485,090 | 2,494,290 | 2,112,680 | 1,779,010 |
| ROA | 7.16% | 7.86% | 11.96% | 10.11% | 4.00% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $173,961K ÷ $2,429,730K
= 7.16%
ArcBest Corp's Return on Assets (ROA) has shown a mixed performance over the past five years. The company's ROA increased from 4.00% as of December 31, 2020, to 11.96% as of December 31, 2022, demonstrating a significant improvement in the utilization of assets to generate profit. However, in the following two years, the ROA declined to 7.86% and 7.16% as of December 31, 2023, and December 31, 2024, respectively.
Overall, the fluctuation in ArcBest Corp's ROA indicates varying levels of efficiency in generating profits from its assets during the period under review. It is important for the company to closely monitor and manage its asset utilization to sustain or enhance its profitability in the future.
Peer comparison
Dec 31, 2024