JB Hunt Transport Services Inc (JBHT)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 831,225 | 993,196 | 687,033 | 488,437 | 185,744 |
| Total assets | US$ in thousands | 8,312,270 | 8,538,260 | 7,742,340 | 6,791,110 | 5,947,200 |
| Operating ROA | 10.00% | 11.63% | 8.87% | 7.19% | 3.12% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $831,225K ÷ $8,312,270K
= 10.00%
JB Hunt Transport Services Inc's operating return on assets (operating ROA) has shown a positive trend over the past five years.
In December 31, 2020, the operating ROA stood at 3.12%, indicating that for every dollar of assets the company owned, it generated $0.0312 in operating income. The following year, December 31, 2021, saw a significant improvement in operating ROA to 7.19%, suggesting enhanced operational efficiency and profitability.
The positive momentum continued in the subsequent years with the operating ROA increasing to 8.87% by December 31, 2022, and further to 11.63% by December 31, 2023. These increments demonstrate that the company was able to generate more operating income relative to its assets during these periods.
However, there was a slight decline in the operating ROA by December 31, 2024, where it fell to 10.00%. This reduction could imply several factors at play, such as changes in the company's cost structure, asset base, or operating efficiency.
Overall, the trend in JB Hunt Transport Services Inc's operating ROA reflects a general improvement in the company's ability to generate operating income from its asset base, with some fluctuations in the most recent period.
Peer comparison
Dec 31, 2024