JB Hunt Transport Services Inc (JBHT)

Return on total capital

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	838,536	827,465	845,073	886,084	969,204	876,267	974,189	1,059,947	1,098,291	1,310,452	1,229,894	1,125,847	1,017,666	902,855	819,278	766,030	713,119	740,702	733,061	750,971
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	4,014,500	4,000,220	4,076,000	4,166,430	4,103,760	4,018,100	3,911,920	3,797,370	3,666,770	3,505,110	3,324,860	3,253,540	3,117,820	2,922,230	2,799,030	2,722,070	2,600,140	2,487,420	2,390,840	2,282,420
Return on total capital		20.89%	20.69%	20.73%	21.27%	23.62%	21.81%	24.90%	27.91%	29.95%	37.39%	36.99%	34.60%	32.64%	30.90%	29.27%	28.14%	27.43%	29.78%	30.66%	32.90%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $838,536K ÷ ($—K + $4,014,500K)
= 20.89%

JB Hunt Transport Services Inc's return on total capital has shown some fluctuation over the past few years. Starting at a high of 32.90% in March 2020, the return dipped to 20.69% by September 2024. There were some periods of increase in performance, such as in the second quarter of 2022 where the return reached 36.99%, and in March 2024 at 27.91%. However, overall, there seems to be a slight downward trend in the return on total capital from 2020 to 2024. Companies typically aim for a higher return on total capital as it indicates efficiency in capital allocation and utilization, so JB Hunt Transport Services Inc may want to assess its capital management strategies to potentially improve this ratio in the future.