Knight Transportation Inc (KNX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 243,388 | 338,153 | 1,091,830 | 965,697 | 564,438 |
| Total assets | US$ in thousands | 13,074,700 | 13,259,900 | 11,137,400 | 10,815,000 | 8,620,770 |
| Operating ROA | 1.86% | 2.55% | 9.80% | 8.93% | 6.55% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $243,388K ÷ $13,074,700K
= 1.86%
Knight Transportation Inc's operating return on assets (ROA) has shown an increasing trend over the last five years, starting at 0.90% on December 31, 2020, and reaching a peak of 3.92% on December 31, 2021. However, there was a slight dip in operating ROA to 3.76% on December 31, 2022, followed by a further decline to 2.63% on December 31, 2023, and finally decreasing to 1.92% on December 31, 2024.
The fluctuations in operating ROA suggest that Knight Transportation Inc's ability to generate profits from its operations in relation to its total assets has been somewhat volatile in recent years. Further analysis into the company's operational efficiency, asset utilization, and profitability margins may be needed to understand the factors contributing to these changes in operating ROA.
Peer comparison
Dec 31, 2024