JB Hunt Transport Services Inc (JBHT)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 12,087,200 12,829,700 14,814,000 12,168,300 9,636,570
Property, plant and equipment US$ in thousands 5,240,230 4,067,660 3,688,890
Fixed asset turnover 2.83 2.99 2.61

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,087,200K ÷ $—K
= —

JB Hunt Transport Services Inc's fixed asset turnover has been relatively stable over the past few years, with values of 2.61 in 2020, 2.99 in 2021, and 2.83 in 2022. The ratio indicates that the company generated $2.61, $2.99, and $2.83 in revenue for every $1 of fixed assets invested during these years, respectively.

It is worth noting that for 2023 and 2024, the fixed asset turnover values are shown as "—," indicating that there is no available data for these years. This lack of data may be due to various reasons such as changes in reporting practices or the unavailability of financial information.

Overall, the trend in fixed asset turnover suggests that JB Hunt Transport Services Inc has been efficiently utilizing its fixed assets to generate revenue, although the lack of data for 2023 and 2024 makes it challenging to provide a complete analysis for those years.