Knight Transportation Inc (KNX)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 309,206 | 393,458 | 424,720 | 436,838 |
| Total assets | US$ in thousands | 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 | 8,281,730 | 8,322,220 | 8,213,580 | 8,081,140 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $217,149K ÷ $12,870,800K
= 1.69%
Knight-Swift Transportation Holdings Inc's Return on Assets (ROA) has shown a declining trend over the past eight quarters. Q1 2022 recorded the highest ROA at 7.68%, followed by a gradual decrease in subsequent quarters. The ROA dropped to 6.10% in Q1 2023, indicating a decrease in the company's ability to generate profits from its assets. This declining trend continued in Q2 and Q3 2023, with ROA reaching 4.47% and 2.93%, respectively. Q4 2023 saw a further decrease in ROA to 1.69%, representing a significant decline compared to previous quarters. Overall, the decreasing trend in ROA suggests that Knight-Swift Transportation Holdings Inc may be facing challenges in efficiently utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023