JB Hunt Transport Services Inc (JBHT)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 12,087,200 12,244,550 12,340,130 12,544,070 12,829,660 13,175,580 13,850,090 14,555,000 14,814,000 14,661,350 13,967,900 13,038,740 12,168,300 11,408,980 10,736,690 9,973,890 9,636,570 9,349,240 9,240,380 9,356,460
Property, plant and equipment US$ in thousands — — — — — 5,717,770 5,484,080 5,197,800 5,240,230 4,708,010 4,447,700 4,234,270 4,067,660 3,854,580 3,717,730 3,650,920 3,688,890 3,682,400 3,626,400 3,618,300
Fixed asset turnover — — — — — 2.30 2.53 2.80 2.83 3.11 3.14 3.08 2.99 2.96 2.89 2.73 2.61 2.54 2.55 2.59

December 31, 2024 calculation

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

JB Hunt Transport Services Inc's fixed asset turnover has shown a generally positive trend over the past few years, increasing from 2.59 in March 2020 to a peak of 3.14 in June 2022. This indicates that the company is effectively utilizing its fixed assets to generate revenue.

However, there was a slight decline in the fixed asset turnover in the subsequent quarters, dropping to 2.30 in September 2023. The ratio remained relatively low at 2.53 in June 2023 and further decreased to 2.80 in March 2024.

It is worth noting that there is missing data for the fixed asset turnover from December 31, 2023, onwards, which may impact the overall analysis.

Overall, JB Hunt Transport Services Inc's fixed asset turnover has shown some fluctuations but has generally demonstrated an efficient utilization of its fixed assets to generate revenue. Monitoring the trend in the upcoming quarters will provide more insights into the company's operational efficiency.