Old Dominion Freight Line Inc (ODFL)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,186,070	1,239,500	1,377,160	1,034,380	672,682
Total assets	US$ in thousands	5,491,400	5,512,390	4,838,610	4,821,540	4,369,410
ROA		21.60%	22.49%	28.46%	21.45%	15.40%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,186,070K ÷ $5,491,400K
= 21.60%

Old Dominion Freight Line Inc's return on assets (ROA) has shown a positive trend over the past five years. The ROA increased from 15.40% as of December 31, 2020, to 21.45% as of December 31, 2021, reflecting an improvement in the company's ability to generate profits from its assets.

Furthermore, the ROA continued to rise to 28.46% by December 31, 2022, indicating significant efficiency in asset utilization. Although there was a slight decrease in ROA to 22.49% by December 31, 2023, the company still maintained a strong performance in generating returns from its assets.

As of December 31, 2024, Old Dominion Freight Line's ROA stood at 21.60%, demonstrating a consistent ability to generate profits relative to its asset base. Overall, the trend in ROA suggests that the company has been effectively managing its assets to generate favorable returns for its shareholders.