Rush Enterprises A Inc (RUSHA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 304,153 | 347,055 | 391,382 | 241,415 | 114,887 |
| Total assets | US$ in thousands | 4,617,550 | 4,364,240 | 3,821,070 | 3,119,980 | 2,985,390 |
| ROA | 6.59% | 7.95% | 10.24% | 7.74% | 3.85% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $304,153K ÷ $4,617,550K
= 6.59%
Based on the data provided, Rush Enterprises A Inc's Return on Assets (ROA) has shown a positive trend over the years, increasing from 3.85% in December 31, 2020, to a peak of 10.24% in December 31, 2022. This indicates the company's ability to generate profits relative to its total assets has improved significantly.
However, there was a slight decline in ROA to 6.59% by December 31, 2024. While this decrease may raise some concerns, it is important to consider the reason behind this drop, such as changes in the company's profitability or asset management efficiency.
Overall, Rush Enterprises A Inc's ROA performance demonstrates strong management of assets to generate profits, with potential areas for further analysis to understand the factors influencing the fluctuations in the ratio.
Peer comparison
Dec 31, 2024