Marten Transport Ltd (MRTN)
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 | 29,517 | 36,645 | 49,606 | 70,377 | 88,308 | 71,697 | 57,712 | 33,947 | 5,572 | 39,005 | 64,256 | 88,326 | 111,689 | 106,570 | 102,474 | 99,212 | 93,246 | 86,475 | 82,109 | 76,797 |
| Total assets | US$ in thousands | 968,757 | 1,000,000 | 1,009,890 | 993,019 | 1,004,680 | 997,204 | 1,004,080 | 979,273 | 965,679 | 938,702 | 921,121 | 885,398 | 870,690 | 903,383 | 884,363 | 855,349 | 831,636 | 859,066 | 840,834 | 824,918 |
| Operating ROA | 3.05% | 3.66% | 4.91% | 7.09% | 8.79% | 7.19% | 5.75% | 3.47% | 0.58% | 4.16% | 6.98% | 9.98% | 12.83% | 11.80% | 11.59% | 11.60% | 11.21% | 10.07% | 9.77% | 9.31% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $29,517K ÷ $968,757K
= 3.05%
Operating ROA is a key metric that reflects Marten Transport Ltd's ability to generate profits from its assets used in operations. The trend of Marten Transport Ltd's Operating ROA from March 31, 2020, to December 31, 2024, shows fluctuations over time.
Marten Transport Ltd's Operating ROA started at a moderate level of 9.31% on March 31, 2020, and gradually improved to reach 12.83% on December 31, 2021. This upward trend indicates efficient utilization of assets to generate operating income.
However, there was a decline in Operating ROA to 0.58% on December 31, 2022, which could be a cause for concern as it indicates a decrease in profitability relative to the assets employed. The trend continued to show fluctuations in the subsequent quarters, with Operating ROA ranging between 3.05% and 11.80% up to December 31, 2024.
Overall, Marten Transport Ltd should closely monitor its Operating ROA as it is a crucial indicator of operational efficiency and profitability. Fluctuations in this ratio could signal changes in the company's ability to generate returns from its operational assets.
Peer comparison
Dec 31, 2024