JB Hunt Transport Services Inc (JBHT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 570,886 | 728,287 | 969,351 | 760,806 | 506,035 |
| Total assets | US$ in thousands | 8,312,270 | 8,538,260 | 7,742,340 | 6,791,110 | 5,947,200 |
| ROA | 6.87% | 8.53% | 12.52% | 11.20% | 8.51% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $570,886K ÷ $8,312,270K
= 6.87%
JB Hunt Transport Services Inc's return on assets (ROA) has shown a fluctuating trend over the past five years based on the provided data. In December 31, 2020, the company's ROA stood at 8.51%, indicating that for every dollar of assets, the company generated a profit of 8.51 cents.
Over the next two years, JB Hunt Transport Services Inc's ROA demonstrated an upward trajectory, reaching 11.20% by December 31, 2021, and further increasing to 12.52% by December 31, 2022. This signifies an improvement in the company's efficiency in generating profits from its assets during this period.
However, the trend reversed in the subsequent years, with the ROA declining to 8.53% by December 31, 2023, and further dropping to 6.87% by December 31, 2024. This downturn may indicate potential challenges or inefficiencies in asset utilization, leading to a lower return on assets for JB Hunt Transport Services Inc during these years.
Overall, JB Hunt Transport Services Inc's ROA performance has been mixed, with periods of both improvement and decline. It will be crucial for the company to assess its asset management strategies to enhance profitability and efficiency in the utilization of its assets in the future.
Peer comparison
Dec 31, 2024