JB Hunt Transport Services Inc (JBHT)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	992,999	1,072,312	1,192,824	1,275,195	1,332,006	1,372,611	1,284,183	1,172,600	1,046,000	930,691	832,394	766,077	713,077	710,460	702,819	720,729	733,824	651,490	658,316	680,035
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
Operating ROA		11.63%	12.81%	14.46%	16.37%	17.11%	18.47%	17.71%	16.68%	15.40%	14.29%	13.16%	12.43%	12.03%	12.29%	12.65%	13.40%	13.41%	12.10%	12.14%	12.77%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $992,999K ÷ $8,538,000K
= 11.63%

Based on the data provided, the operating return on assets (Operating ROA) for J.B. Hunt Transport Services, Inc. has shown a declining trend over the past eight quarters. The Operating ROA decreased from 17.10% in Q4 2022 to 11.63% in Q4 2023.

The company's operating efficiency in generating profits from its total assets has been gradually declining. This may indicate challenges in efficiently utilizing its assets to generate operating income. Management may need to closely evaluate operational strategies and efficiencies to improve the return on assets in the future. Further analysis involving factors such as revenue growth, cost management, and asset utilization should be conducted to gain a deeper understanding of the drivers behind the decreasing trend in the operating ROA.