JB Hunt Transport Services Inc (JBHT)
Total 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 |
| Total assets | US$ in thousands | 8,312,270 | 8,538,260 | 7,742,340 | 6,791,110 | 5,947,200 |
| Total asset turnover | 1.45 | 1.50 | 1.91 | 1.79 | 1.62 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,087,200K ÷ $8,312,270K
= 1.45
JB Hunt Transport Services Inc's total asset turnover has shown variability over the last five years. The ratio increased from 1.62 in December 31, 2020, to peak at 1.91 in December 31, 2022, indicating the company generated $1.91 in revenue for every $1 of assets during that year. However, the ratio declined in the subsequent years, reaching 1.45 by December 31, 2024. This suggests that the company's efficiency in utilizing its assets to generate revenue decreased in the last two years of the period. Overall, JB Hunt Transport Services Inc's total asset turnover exhibits fluctuations, and further analysis is necessary to understand the factors influencing this trend.
Peer comparison
Dec 31, 2024