Heartland Express Inc (HTLD)
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 | -29,722 | -22,774 | -24,194 | -12,945 | 14,775 | 25,169 | 60,287 | 129,422 | 133,585 | 138,431 | 138,482 | 82,318 | 79,277 | 76,614 | 72,862 | 71,302 | 70,806 | 65,921 | 65,708 | 68,887 |
| Total assets | US$ in thousands | 1,334,190 | 1,361,450 | 1,413,430 | 1,452,480 | 1,509,650 | 1,575,520 | 1,596,660 | 1,612,510 | 1,669,490 | 1,701,590 | 1,113,200 | 947,113 | 928,542 | 958,280 | 956,985 | 949,421 | 951,176 | 959,751 | 930,499 | 913,291 |
| ROA | -2.23% | -1.67% | -1.71% | -0.89% | 0.98% | 1.60% | 3.78% | 8.03% | 8.00% | 8.14% | 12.44% | 8.69% | 8.54% | 7.99% | 7.61% | 7.51% | 7.44% | 6.87% | 7.06% | 7.54% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-29,722K ÷ $1,334,190K
= -2.23%
Heartland Express Inc's Return on Assets (ROA) has fluctuated over the past few years. It showed an upward trend from March 2020 to June 2022, peaking at 12.44% in June 2022. However, the ROA then experienced a significant decline, dropping to 3.78% in June 2023.
The ROA continued to decrease further, reaching negative values in the following periods up to December 2024. This negative trend indicates that the company's assets are generating insufficient profits or incurring losses relative to their size.
It is important for Heartland Express Inc to undertake a thorough examination of its asset management and profitability strategies to reverse this declining trend in ROA and ensure efficient utilization of its assets to generate sustainable returns for its stakeholders.
Peer comparison
Dec 31, 2024