Knight Transportation Inc (KNX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 24.20% | 27.65% | 30.69% | 33.57% | 35.79% | 43.32% | 44.33% | 45.09% | 45.14% | 44.85% | 44.78% | 43.33% | 42.40% | 59.19% | 57.74% | 57.13% | 55.89% | 57.62% | 57.57% | 57.24% |
| Operating profit margin | 4.73% | 7.51% | 10.35% | 12.97% | 14.70% | 16.42% | 17.06% | 16.68% | 16.10% | 14.99% | 14.19% | 13.09% | 12.08% | 9.52% | 8.18% | 8.00% | 8.16% | 9.52% | 9.31% | 8.83% |
| Pretax margin | 3.81% | 6.79% | 9.87% | 12.16% | 13.74% | 15.42% | 16.06% | 16.31% | 16.24% | 15.38% | 14.77% | 13.51% | 11.97% | 10.01% | 8.48% | 8.13% | 8.53% | 10.36% | 10.87% | 10.94% |
| Net profit margin | 3.04% | 5.41% | 7.48% | 9.22% | 10.38% | 11.69% | 12.26% | 12.45% | 12.39% | 11.56% | 10.88% | 9.94% | 8.77% | 7.30% | 6.28% | 6.02% | 6.38% | 7.80% | 8.19% | 8.28% |
Knight-Swift Transportation Holdings Inc has shown consistent gross profit margins of 100% over the four quarters of 2023, indicating that the company is effectively controlling its cost of goods sold. However, there was a significant improvement in operating profit margin from Q1 to Q4, suggesting that the company managed its operating expenses more efficiently in the later quarters.
The pretax margin followed a similar trend, increasing from Q1 to Q4, indicating that Knight-Swift Transportation Holdings Inc was able to generate more income before taxes as the year progressed.
Net profit margin, which represents the company's bottom line profitability, also demonstrated an increasing trend throughout 2023. This indicates that the company's net income as a percentage of revenue improved over time, reflecting better overall profitability performance.
Overall, Knight-Swift Transportation Holdings Inc's profitability ratios show a positive trend in the later quarters of 2023, with improvements in operating efficiency and bottom-line profitability.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 2.63% | 4.07% | 6.18% | 8.58% | 9.97% | 11.46% | 11.54% | 10.30% | 9.06% | 7.90% | 8.22% | 7.33% | 6.67% | 5.14% | 4.53% | 4.60% | 4.77% | 5.77% | 5.88% | 5.77% |
| Return on assets (ROA) | 1.69% | 2.93% | 4.47% | 6.10% | 7.04% | 8.16% | 8.29% | 7.68% | 6.98% | 6.09% | 6.30% | 5.57% | 4.84% | 3.94% | 3.47% | 3.46% | 3.73% | 4.73% | 5.17% | 5.41% |
| Return on total capital | 4.76% | 6.68% | 8.85% | 11.78% | 13.37% | 14.97% | 15.35% | 14.18% | 12.71% | 10.95% | 11.75% | 10.38% | 9.05% | 7.94% | 6.75% | 6.86% | 7.81% | 9.28% | 10.09% | 10.29% |
| Return on equity (ROE) | 3.06% | 5.29% | 7.23% | 9.50% | 11.11% | 12.89% | 13.42% | 12.51% | 11.38% | 10.03% | 8.99% | 7.99% | 6.98% | 5.70% | 4.99% | 5.04% | 5.46% | 7.02% | 7.68% | 7.88% |
Knight-Swift Transportation Holdings Inc's profitability ratios have shown a consistent decline over the past few quarters.
- Operating return on assets (Operating ROA) decreased from 10.31% in Q1 2022 to 2.64% in Q4 2023. This indicates that the company's ability to generate operating income from its assets has weakened.
- Return on assets (ROA) also experienced a downward trend, dropping from 7.68% in Q1 2022 to 1.69% in Q4 2023. This suggests a reduction in the company's overall profitability relative to its total assets.
- Return on total capital declined from 13.32% in Q1 2022 to 3.68% in Q4 2023. This indicates a decrease in the company's ability to generate returns for both equity and debt holders.
- Return on equity (ROE) followed a similar pattern, decreasing from 12.51% in Q1 2022 to 3.06% in Q4 2023. This shows a decline in the company's ability to generate profits for its shareholders.
Overall, the decreasing trend in these profitability ratios may indicate challenges Knight-Swift Transportation Holdings Inc is facing in effectively utilizing its assets and capital to generate profits. Further analysis of the company's operations and financial strategies may be necessary to understand the underlying factors contributing to this decline.