JB Hunt Transport Services Inc (JBHT)

Total 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
Total assets	US$ in thousands	8,312,270	8,325,950	8,415,880	8,427,780	8,805,270	8,372,970	8,247,730	7,790,400	7,742,340	7,431,560	7,252,560	7,031,940	6,791,110	6,513,190	6,323,390	6,162,610	5,947,200	5,779,060	5,553,630	5,380,040
Total asset turnover		1.45	1.47	1.47	1.49	1.46	1.57	1.68	1.87	1.91	1.97	1.93	1.85	1.79	1.75	1.70	1.62	1.62	1.62	1.66	1.74

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,087,200K ÷ $8,312,270K
= 1.45

Total asset turnover measures JB Hunt Transport Services Inc's ability to generate sales from its total assets. A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue.

JB Hunt's total asset turnover has shown some volatility over the periods provided, ranging from a low of 1.46 to a high of 1.97. The trend indicates that the company's efficiency in using its assets to generate revenue improved from 2020 to 2022, with a peak in the second quarter of 2022. However, there was a slight decline in the ratio in the subsequent periods.

Overall, the total asset turnover ratio for JB Hunt Transport Services Inc has shown some fluctuations, but it generally indicates that the company has been effectively utilizing its assets to generate revenue during the period under analysis.