JB Hunt Transport Services Inc (JBHT)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	12,747,130	13,119,770	13,793,300	14,499,970	14,784,890	14,626,330	13,934,470	13,006,090	12,117,390	11,371,780	10,700,040	9,936,910	9,599,420	9,312,090	9,202,630	9,316,330	9,123,180	8,990,700	8,838,860	8,721,150
Total assets	US$ in thousands	8,538,000	8,373,000	8,248,000	7,790,400	7,787,000	7,432,000	7,252,560	7,031,940	6,794,000	6,513,190	6,323,000	6,163,000	5,928,350	5,779,000	5,554,000	5,380,000	5,470,850	5,386,000	5,420,740	5,327,280
Total asset turnover		1.49	1.57	1.67	1.86	1.90	1.97	1.92	1.85	1.78	1.75	1.69	1.61	1.62	1.61	1.66	1.73	1.67	1.67	1.63	1.64

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,747,130K ÷ $8,538,000K
= 1.49

The total asset turnover of J.B. Hunt Transport Services, Inc. has been fluctuating over the past eight quarters. From Q1 2022 to Q4 2023, the ratio has ranged from 1.50 to 1.90. This indicates that, on average, the company generated between $1.50 and $1.90 in revenue for every dollar of total assets it owned during these periods.

The decreasing trend from Q1 2023 to Q4 2023 may suggest that the company's efficiency in generating revenue from its assets has slightly declined. However, the ratio remains relatively healthy, indicating that the company is effectively utilizing its assets to generate revenue.

It would be beneficial for stakeholders to further investigate the reasons behind the fluctuations in total asset turnover to assess J.B. Hunt Transport Services, Inc.'s operational efficiency and financial performance.