Rush Enterprises A Inc (RUSHA)

Return on assets (ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	141,583	164,798	167,359	155,127
Total assets	US$ in thousands	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	3,407,330	3,405,250	3,530,700	3,422,030
ROA		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%	4.16%	4.84%	4.74%	4.53%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $347,055K ÷ $4,364,240K
= 7.95%

The Return on Assets (ROA) for Rush Enterprises A Inc has shown fluctuations over the past few quarters. ROA indicates the company's ability to generate profit relative to its total assets.

The ROA has been on a general upward trend from March 2021 to Dec 2022, reaching a peak of 10.24%. This suggests that the company was effectively utilizing its assets to generate profits during this period.

However, there was a slight decline in ROA in the first two quarters of 2023, with ROA ranging between 8.69% to 9.15%. This decline may indicate a decrease in profitability relative to the total assets employed by the company during this period.

Overall, the ROA figures demonstrate a positive performance trend with fluctuations. It is important for the company to continue monitoring and improving its asset utilization to ensure sustained profitability and efficiency in its operations.