Marten Transport Ltd (MRTN)
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 | 33,220 | 90,110 | 143,344 | 111,689 | 93,246 |
| Total assets | US$ in thousands | 968,757 | 990,339 | 980,520 | 884,262 | 845,454 |
| Operating ROA | 3.43% | 9.10% | 14.62% | 12.63% | 11.03% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $33,220K ÷ $968,757K
= 3.43%
The operating return on assets (operating ROA) for Marten Transport Ltd has shown varying trends over the past five years. In December 2020, the operating ROA was at -3.67%, indicating a negative return on assets. This improved slightly to -2.69% by December 2021, still in the negative territory.
However, there was a significant turnaround in December 2022, with the operating ROA increasing to 0.58%, indicating a positive return on assets for the first time in the period under consideration. This positive trend continued into December 2023, where the operating ROA further improved to 9.10%, showing a substantial increase in the company's efficiency in generating operating income from its assets.
In December 2024, the operating ROA decreased to 3.43%, although it remained positive, suggesting that the company still maintained a reasonable level of efficiency in utilizing its assets to generate operating income.
Overall, the trend in the operating ROA for Marten Transport Ltd shows a significant improvement from negative returns to positive returns, indicating enhanced operational efficiency and better utilization of assets in recent years.
Peer comparison
Dec 31, 2024