JB Hunt Transport Services Inc (JBHT)

Return on assets (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
Net income (ttm)	US$ in thousands	728,286	776,054	858,005	923,795	969,352	1,010,258	940,705	857,525	760,806	672,604	598,271	547,807	506,035	496,704	489,618	501,553	516,320	460,325	473,025	491,044
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
ROA		8.53%	9.27%	10.40%	11.86%	12.45%	13.59%	12.97%	12.19%	11.20%	10.33%	9.46%	8.89%	8.54%	8.59%	8.82%	9.32%	9.44%	8.55%	8.73%	9.22%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $728,286K ÷ $8,538,000K
= 8.53%

Based on the data provided, J.B. Hunt Transport Services, Inc. has experienced a gradual decline in its return on assets (ROA) over the past eight quarters. The ROA decreased from 12.45% in Q4 2022 to 8.53% in Q4 2023. This downward trend indicates that the company may be becoming less efficient at generating profits from its assets. The decreasing ROA could be attributed to various factors such as increasing operating expenses, declining revenues, or inefficient asset utilization. It is essential for J.B. Hunt Transport Services, Inc. to closely monitor and address the factors impacting its ROA to ensure sustainable profitability and operational efficiency in the future.