JB Hunt Transport Services Inc (JBHT)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	728,287	969,351	760,806	506,035	516,320
Total assets	US$ in thousands	8,538,000	7,787,000	6,794,000	5,928,350	5,470,850
ROA		8.53%	12.45%	11.20%	8.54%	9.44%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $728,287K ÷ $8,538,000K
= 8.53%

J.B. Hunt Transport Services, Inc.'s return on assets (ROA) has exhibited fluctuations over the past five years. In 2022, the company achieved a relatively high ROA of 12.45%, signaling efficient utilization of its assets to generate profits. However, in 2023, the ROA declined to 8.53%, indicating a decrease in the company's ability to generate profits from its assets compared to the previous year. Despite the decrease in 2023, J.B. Hunt's ROA remained above 8% in both 2020 and 2021, indicating consistent performance in utilizing its assets to generate earnings. Overall, the varying ROA figures suggest that J.B. Hunt Transport Services, Inc. has experienced fluctuations in its profitability relative to its asset base in recent years.