Rush Enterprises A Inc (RUSHA)

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	304,153	307,448	308,594	328,208	347,055	367,334	377,432	389,384	391,382	361,695	340,718	288,535	241,415	213,801	178,341	137,113	114,887	97,616	102,781	127,586
Total assets	US$ in thousands	4,617,550	4,648,470	4,506,530	4,629,010	4,364,240	4,218,050	4,126,320	3,969,550	3,821,070	3,742,580	3,669,370	3,321,550	3,119,980	2,777,330	2,912,120	3,008,420	2,985,390	3,010,690	3,064,600	3,242,660
ROA		6.59%	6.61%	6.85%	7.09%	7.95%	8.71%	9.15%	9.81%	10.24%	9.66%	9.29%	8.69%	7.74%	7.70%	6.12%	4.56%	3.85%	3.24%	3.35%	3.93%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $304,153K ÷ $4,617,550K
= 6.59%

The return on assets (ROA) for Rush Enterprises A Inc has shown a fluctuating trend over the reporting periods. Starting at 3.93% in March 31, 2020, the ROA decreased to 3.24% by September 30, 2020. However, there was a noticeable improvement by March 31, 2021, with the ROA reaching 4.56%.

The most significant increase in ROA was observed between June 30, 2021, and September 30, 2021, jumping from 6.12% to 7.70%. This positive momentum continued, peaking at 10.24% by December 31, 2022.

Subsequently, there was a gradual decline in ROA from March 31, 2023 (9.81%) to December 31, 2024 (6.59%). Despite the fluctuations, generally, higher ROA indicates the company's efficiency in generating profit from its assets, while a declining trend may suggest potential challenges in asset utilization or profitability. It is important for Rush Enterprises A Inc to monitor and evaluate the factors impacting its ROA to ensure sustainable financial performance.