ArcBest Corp (ARCB)

Return on assets (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
Net income (ttm)	US$ in thousands	173,961	193,716	128,319	121,838	195,433	183,980	237,905	299,923	298,209	326,360	301,209	259,729	213,521	171,947	137,660	92,559	71,100	41,637	28,503	36,999
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
ROA		7.16%	8.02%	5.33%	5.17%	7.86%	7.55%	9.85%	12.33%	11.96%	13.37%	13.13%	11.75%	10.11%	8.76%	7.48%	5.24%	4.00%	2.38%	1.52%	2.02%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $173,961K ÷ $2,429,730K
= 7.16%

ArcBest Corp's return on assets (ROA) has shown fluctuations over the past few years, ranging from a low of 1.52% in June 2020 to a high of 13.37% in September 2022. The ROA improved steadily from March 2021 to June 2022, reaching its peak during this period. However, there was a slight decline in the ROA from September 2022 to June 2024, with the ratio decreasing to 5.33% in June 2024. Despite these fluctuations, ArcBest Corp managed to maintain an ROA above 5% for most of the periods analyzed, indicating efficient utilization of its assets to generate profits. Further analysis of the company's financial performance and asset management strategies is recommended to understand the factors influencing these trends in ROA.