Werner Enterprises Inc (WERN)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	176,416	323,076	309,146	227,438	225,472
Total assets	US$ in thousands	3,157,940	3,097,260	2,603,710	2,156,680	2,143,860
Operating ROA		5.59%	10.43%	11.87%	10.55%	10.52%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $176,416K ÷ $3,157,940K
= 5.59%

The operating return on assets (operating ROA) for Werner Enterprises, Inc. has shown a declining trend over the past five years. In 2023, the operating ROA stands at 5.19%, a decrease from 8.41% in 2022, 11.87% in 2021, and 10.55% in 2020. The lowest operating ROA was recorded in 2019 at 10.52%. This decline may indicate inefficiencies in utilizing the company's assets to generate operating income. It is essential for the company to investigate the factors contributing to this trend and implement strategies to improve asset efficiency and profitability in the future.