Marten Transport Ltd (MRTN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 26,922 | 70,373 | 110,354 | 85,428 | 69,500 |
| Total assets | US$ in thousands | 968,757 | 990,339 | 965,679 | 870,690 | 831,636 |
| ROA | 2.78% | 7.11% | 11.43% | 9.81% | 8.36% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $26,922K ÷ $968,757K
= 2.78%
Based on the provided data, Marten Transport Ltd's return on assets (ROA) has shown some fluctuations over the years. In 2020, the ROA was 8.36%, which increased to 9.81% in 2021, indicating an improvement in the company's efficiency in generating profits from its assets. The trend continued positively in 2022, with an ROA of 11.43%, suggesting further enhanced asset utilization.
However, in 2023, the ROA saw a decline to 7.11%, which could indicate potential challenges in effectively utilizing the company's assets to generate earnings. The downward trend continued in 2024, with the ROA dropping to 2.78%, signaling a significant decrease in profitability relative to the company's asset base.
Overall, while Marten Transport Ltd experienced fluctuations in its ROA over the years, it is essential for the company to closely monitor and manage its asset efficiency to sustain and improve its profitability levels in the future.
Peer comparison
Dec 31, 2024