Heartland Express Inc (HTLD)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -29,722 | 14,775 | 133,584 | 79,277 | 70,806 |
| Total assets | US$ in thousands | 1,334,190 | 1,509,650 | 1,669,490 | 928,542 | 951,176 |
| ROA | -2.23% | 0.98% | 8.00% | 8.54% | 7.44% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-29,722K ÷ $1,334,190K
= -2.23%
Heartland Express Inc's return on assets (ROA) has fluctuated over the past five years. In December 2020, the ROA was 7.44%, showing a decent performance in utilizing its assets to generate profits. This figure improved to 8.54% by December 2021, indicating increased efficiency in asset management.
However, in December 2022, the ROA decreased slightly to 8.00%. Subsequently, the ROA experienced a significant decline to 0.98% by December 2023, suggesting a decrease in the company's ability to generate profits from its assets efficiently.
The most recent data point for December 2024 shows a negative ROA of -2.23%, indicating that Heartland Express Inc's assets may not be generating positive returns, potentially due to issues such as declining revenue or increased expenses.
Overall, the trend in Heartland Express Inc's ROA reflects a mix of positive and negative performance, with fluctuations that may require further analysis to understand the underlying factors impacting the company's asset utilization and profitability.
Peer comparison
Dec 31, 2024