Heartland Express (Heartland Express) ROCE % : 3.12% (As of Dec. 2023)

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What is Heartland Express ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Heartland Express's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.12%.

Heartland Express ROCE % Historical Data

The historical data trend for Heartland Express's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Heartland Express ROCE % Chart

Heartland Express Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.46

10.99

12.21

16.01

3.04

Heartland Express Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.28	4.62	-1.99	3.12	-4.14

Heartland Express ROCE % Calculation

Heartland Express's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	44.04	/	( ( (1669.488 - 156.757)	+	(1509.646 - 123.476) )	/ 2 )
	=	44.04	/	( (1512.731	+	1386.17)	/ 2 )
	=	44.04	/	1449.4505
	=	3.04 %

Heartland Express's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	44.032	/	( ( (1575.522 - 142.115)	+	(1509.646 - 123.476) )	/ 2 )
	=	44.032	/	( ( 1433.407	+	1386.17 )	/ 2 )
	=	44.032	/	1409.7885
	=	3.12 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Heartland Express (NAS:HTLD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Heartland Express ROCE % Related Terms

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Heartland Express (Heartland Express) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Heartland Express Inc (NAS:HTLD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HLX:Germany

Address

901 Heartland Way, North Liberty, IA, USA, 52317

Website

https://www.heartlandexpress.com

Heartland Express Inc is engaged in providing truckload services across the United States and Canada. These truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services. The company's major customers represent primarily the consumer goods, appliances, food products, and automotive industries.

Executives

Michael J Gerdin	director, officer: PRESIDENT	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Ann S. Gerdin Revocable Trust	10 percent owner, other: Co-Trustee of 10% Owner	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Michael John Sullivan	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Brenda M Lantz	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Todd A Smith	officer: President of Smith Transport	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Christopher Alan Strain	officer: Vice President/CFO/Treasurer	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Brenda S Neville	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
David Paul Millis	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Jo Anne Borden	officer: VP of HR and Risk Management	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
James G Pratt	director	11 THE WOODS NE, IOWA CITY IA 52240
Angela K Janssen	other: Co-Trustee of 10% Owner	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Julie J Durr	other: Co-Trustee of 10% Owner	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Larry J. Gordon	director	901 HEARTLAND WAY, NORTH LIBERTY IA 52317
Kent Daryl Rigdon	officer: Vice President of Sales	901 NORTH KANSAS AVENUE, NORTH LIBERTY IA 52317
Tahira K Hira	director	901 N KANSAS AVE, NORTH LIBERTY IA 52317