Werner Enterprises Inc (WERN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	112,382	241,256	259,052	169,078	166,944
Total assets	US$ in thousands	3,157,940	3,097,260	2,603,710	2,156,680	2,143,860
ROA		3.56%	7.79%	9.95%	7.84%	7.79%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $112,382K ÷ $3,157,940K
= 3.56%

The Return on Assets (ROA) for Werner Enterprises, Inc. has exhibited some fluctuations over the past five years. In 2023, the ROA decreased to 3.56% from 7.79% in 2022. This decline indicates that the company's ability to generate profits from its assets decreased in 2023 compared to the previous year. However, the ROA of 3.56% may still be considered acceptable depending on industry standards.

In 2022, there was a notable increase in ROA to 7.79% from 9.95% in 2021. Despite the decrease from the previous year, the company managed to maintain a relatively strong ROA in 2022, suggesting efficient asset utilization.

The highest ROA in the provided data was recorded in 2021 at 9.95%. This indicates that in 2021, Werner Enterprises, Inc. was particularly effective in generating profits relative to its assets.

The ROA in 2020 was 7.84%, slightly lower than in 2019 when it stood at 7.79%. This suggests that the company's profitability in relation to its assets remained relatively stable during these two years.

Overall, while there have been fluctuations in Werner Enterprises, Inc.'s ROA over the past five years, the company has generally demonstrated the ability to generate profits from its assets, with stronger performances seen in some years compared to others. It would be beneficial to further analyze the company's financial and operational strategies to better understand the factors influencing these ROA fluctuations.