Knight Transportation Inc (KNX)

Return on assets (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
Net income (ttm)	US$ in thousands	117,626	37,474	67,204	110,230	217,149	376,505	511,106	667,272	771,325	877,240	888,623	821,935	743,388	631,101	546,981	474,366	410,002	335,117	287,678	286,694
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
ROA		0.93%	0.29%	0.53%	0.87%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $117,626K ÷ $12,698,500K
= 0.93%

The Return on Assets (ROA) of Knight Transportation Inc has shown a fluctuating trend over the past few years. From March 31, 2020, to June 30, 2022, the ROA of the company steadily increased from 3.46% to 8.29%. This indicates that Knight Transportation was able to generate more profit relative to its total assets during this period.

However, starting from September 30, 2022, the ROA started to decline, reaching 0.29% by September 30, 2024. This downward trend suggests that the company's ability to generate profit from its assets has weakened over time.

The significant drop in ROA from March 31, 2024, to December 31, 2024, followed by a slight recovery in the first quarter of 2025, indicates potential challenges or inefficiencies in asset utilization or profitability that may require further investigation.

Overall, Knight Transportation Inc has experienced fluctuations in its ROA, with periods of both improvement and decline, signaling varying levels of efficiency in utilizing its assets to generate profit.