JB Hunt Transport Services Inc (JBHT)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 993,000 | 1,332,000 | 1,046,000 | 713,119 | 734,000 |
| Total assets | US$ in thousands | 8,538,000 | 7,787,000 | 6,794,000 | 5,928,350 | 5,470,850 |
| Operating ROA | 11.63% | 17.11% | 15.40% | 12.03% | 13.42% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $993,000K ÷ $8,538,000K
= 11.63%
J.B. Hunt Transport Services, Inc.'s operating return on assets (operating ROA) has fluctuated over the past five years. The company's operating ROA was 11.63% in 2023, a decrease from the previous year where it stood at 17.10%. Despite the decline, the operating ROA in 2023 remains relatively healthy, indicating that the company is efficient in generating operating profits relative to its assets.
Looking further back, J.B. Hunt's operating ROA was 15.39% in 2021, 12.03% in 2020, and 13.41% in 2019. The decrease in 2020 followed by the recovery and improvement in 2021 demonstrates potential variability in the company's operating efficiency in recent years.
Overall, while the operating ROA has fluctuated, J.B. Hunt Transport Services, Inc. has shown the ability to effectively utilize its assets to generate operating profits, with varying levels of efficiency observed over the period. Continued monitoring and analysis of the company's operating ROA will be essential to assess trends and performance in the future.
Peer comparison
Dec 31, 2023