Marten Transport Ltd (MRTN)

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	26,922	33,688	43,532	57,517	70,373	83,488	95,536	105,323	110,354	109,570	105,198	94,955	85,428	80,302	77,072	73,788	69,500	65,644	64,187	61,243
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
ROA		2.78%	3.37%	4.31%	5.79%	7.00%	8.37%	9.51%	10.76%	11.43%	11.67%	11.42%	10.72%	9.81%	8.89%	8.71%	8.63%	8.36%	7.64%	7.63%	7.42%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $26,922K ÷ $968,757K
= 2.78%

The return on assets (ROA) of Marten Transport Ltd has shown a fluctuating trend over the past few years. Starting at 7.42% on March 31, 2020, the ROA gradually increased to reach its peak at 11.67% on September 30, 2022, indicating improving efficiency in generating profits from the company's assets.

However, from that point onwards, the ROA started declining, dropping to 7.00% by December 31, 2023, and further decreasing to 2.78% by December 31, 2024. This downward trend suggests that the company's ability to generate profit from its assets has weakened significantly in the latter part of the period under consideration.

It is important for stakeholders to closely monitor this metric as a declining ROA can indicate potential inefficiencies in asset utilization or declining profitability, which may impact the overall financial health and performance of Marten Transport Ltd.