Heartland Express Inc (HTLD)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,047,510 | 1,207,460 | 967,996 | 607,284 | 645,262 |
| Property, plant and equipment | US$ in thousands | — | — | 973,258 | 487,915 | 539,280 |
| Fixed asset turnover | — | — | 0.99 | 1.24 | 1.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,047,510K ÷ $—K
= —
Fixed asset turnover measures the efficiency with which a company generates revenue from its fixed assets. Looking at the data provided for Heartland Express Inc, we can see a trend in the fixed asset turnover ratio over the years.
In December 31, 2020, the fixed asset turnover ratio was 1.20, showing that the company generated $1.20 in revenue for every dollar invested in fixed assets. This ratio improved slightly to 1.24 by December 31, 2021, indicating a more efficient utilization of fixed assets to generate revenue.
However, there was a decline in the fixed asset turnover ratio to 0.99 by December 31, 2022. This decrease suggests that the company may not have been as effective in utilizing its fixed assets to generate revenue during that period.
Unfortunately, there is no data available for December 31, 2023, and 2024, which limits the ability to assess the company's performance in those years.
Overall, the trend in Heartland Express Inc's fixed asset turnover ratio shows some fluctuations, indicating varying levels of efficiency in generating revenue from its fixed assets over the years.
Peer comparison
Dec 31, 2024