Hub Group Inc (HUBG)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	167,528	356,948	171,474	73,559	107,171
Total assets	US$ in thousands	2,936,050	2,810,080	2,437,290	2,105,400	1,991,570
ROA		5.71%	12.70%	7.04%	3.49%	5.38%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $167,528K ÷ $2,936,050K
= 5.71%

The return on assets (ROA) of Hub Group, Inc. has varied over the past five years. In 2023, the ROA decreased to 5.71% from 12.70% in 2022. This decline indicates that the company's ability to generate profits from its assets lessened in the most recent year. However, the ROA in 2023 is still higher than in 2021 (7.04%) and 2020 (3.49%), but lower than in 2019 (5.38%).

The fluctuation in ROA suggests that Hub Group may have experienced changes in its asset utilization efficiency and/or profitability levels during these years. It would be essential for stakeholders to investigate the factors influencing these fluctuations to gain a better understanding of the company's operational performance and financial health.