Hub Group Inc (HUBG)

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	103,993	108,456	115,312	132,802	167,529	218,018	274,884	331,225	356,948	361,988	318,001	241,747	171,474	109,548	90,991	77,553	73,559	79,126	80,450	96,513
Total assets	US$ in thousands	2,868,340	2,833,120	2,858,700	2,891,270	2,936,050	2,918,130	2,800,040	2,887,980	2,810,080	2,752,660	2,679,240	2,547,130	2,437,290	2,291,480	2,186,220	2,154,770	2,105,400	2,064,970	1,999,180	2,094,610
ROA		3.63%	3.83%	4.03%	4.59%	5.71%	7.47%	9.82%	11.47%	12.70%	13.15%	11.87%	9.49%	7.04%	4.78%	4.16%	3.60%	3.49%	3.83%	4.02%	4.61%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $103,993K ÷ $2,868,340K
= 3.63%

Hub Group Inc's Return on Assets (ROA) has shown fluctuations over the past few years, ranging from 3.49% in December 2020 to a peak of 13.15% in September 2022. ROA is a measure of the company's efficiency in generating profits from its assets.

The upward trend in ROA from 2020 to 2022 indicates an improvement in the company's ability to utilize its assets effectively to generate profits. However, there was a slight decline in ROA towards the end of 2022 and into 2023, possibly due to changing market conditions or internal factors affecting profitability.

It is important to note that while the ROA peaked at 13.15% in September 2022, it subsequently decreased to 3.63% by December 2024. This decline suggests a potential drop in profitability relative to the size of Hub Group Inc's asset base during this period.

Overall, understanding the trends and fluctuations in Hub Group Inc's ROA can provide valuable insights into the company's operational efficiency and financial performance over time.