Knight Transportation Inc (KNX)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	252,982	195,545	195,181	78,945	57,981	80,305	107,782	292,126	412,295	711,691	873,245	927,180	965,697	818,152	713,526	624,578	564,438	469,340	406,832	413,258
Total assets	US$ in thousands	12,698,500	12,824,800	12,570,300	12,628,900	12,870,800	12,840,300	11,437,900	10,943,000	10,951,700	10,747,400	10,714,900	10,695,800	10,655,500	10,355,000	8,682,460	8,519,480	8,468,000	8,501,360	8,279,030	8,288,320
Operating ROA		1.99%	1.52%	1.55%	0.63%	0.45%	0.63%	0.94%	2.67%	3.76%	6.62%	8.15%	8.67%	9.06%	7.90%	8.22%	7.33%	6.67%	5.52%	4.91%	4.99%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $252,982K ÷ $12,698,500K
= 1.99%

Knight Transportation Inc's operating return on assets (operating ROA) has shown fluctuation over the past few quarters. The operating ROA started at 4.99% as of March 31, 2020, and experienced a gradual increase to reach a peak of 9.06% by December 31, 2021. This indicates that the company was effectively generating operating profits relative to its asset base during this period.

Subsequently, there was a decline in operating ROA to 2.67% as of March 31, 2023, followed by further decreases over the next few quarters. The operating ROA dropped to 1.99% by December 31, 2024, reflecting a decline in the company's ability to generate operating profits from its assets.

Overall, Knight Transportation Inc's operating ROA trend indicates both periods of growth and contraction in operating profitability relative to its assets. It would be advisable for the company to closely monitor and analyze the factors impacting its operating ROA to ensure sustainable and profitable operations in the future.