Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Total Assets : $12,871 Mil (As of Dec. 2023)

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What is Knight-Swift Transportation Holdings Total Assets?

Knight-Swift Transportation Holdings's Total Assets for the quarter that ended in Dec. 2023 was $12,871 Mil.

During the past 12 months, Knight-Swift Transportation Holdings's average Total Assets Growth Rate was 18.10% per year. During the past 3 years, the average Total Assets Growth Rate was 15.20% per year. During the past 5 years, the average Total Assets Growth Rate was 10.50% per year. During the past 10 years, the average Total Assets Growth Rate was 36.10% per year.

During the past 13 years, Knight-Swift Transportation Holdings's highest 3-Year average Total Assets Growth Rate was 96.50%. The lowest was 0.70%. And the median was 15.20%.

Total Assets is connected with ROA %. Knight-Swift Transportation Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -0.33%. Total Assets is also linked to Revenue through Asset Turnover. Knight-Swift Transportation Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.15.

Knight-Swift Transportation Holdings Total Assets Historical Data

The historical data trend for Knight-Swift Transportation Holdings's Total Assets 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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Knight-Swift Transportation Holdings Total Assets Chart

Knight-Swift Transportation Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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8,281.73

8,468.00

10,655.50

10,951.67

12,870.77

Knight-Swift Transportation Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															10,943.00	11,437.89	12,840.28	12,870.77	12,628.87

Knight-Swift Transportation Holdings Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Knight-Swift Transportation Holdings's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	7104.081	+	5766.684
	=	12,871

Knight-Swift Transportation Holdings's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	7104.081	+	5766.684
	=	12,871

Knight-Swift Transportation Holdings (NYSE:KNX) Total Assets Explanation

Total Assets is connected with ROA %.

Knight-Swift Transportation Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-42.62	/	( (12840.281	+	12870.765)	/ 2 )
	=	-42.62	/	12855.523
	=	-0.33 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Knight-Swift Transportation Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	1931.919	/	( (12840.281	+	12870.765)	/ 2 )
=	1931.919	/	12855.523
=	0.15

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Knight-Swift Transportation Holdings Total Assets Related Terms

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Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Knight-Swift Transportation Holdings Inc (NYSE:KNX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

KSX:Germany

Address

2002 West Wahalla Lane, Phoenix, AZ, USA, 85027

Website

https://www.knight-swift.com

Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.

Executives

Timothy Sean Harrington	officer: Exec. Vice Pres. Sales	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
James L Fitzsimmons	officer: Exec. Vice Pres. Operations	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Cary M Flanagan	officer: Controller	SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Amy Boerger	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Kevin P Knight	director, officer: Executive Chairman	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Joshua Smith	officer: CFO, US Xpress Inc.	2002 W WAHALLA LANE, PHOENIX AZ 85027
Dustin Ohlman	officer: VP Intermodal	2200 S 75TH AVE, PHOENIX AZ 85043
Reed Stultz	officer: SR VP Logistics	2002 W WAHALLA LANE, PHOENIX AZ 85027
Michael K Liu	officer: Exec VP of Ops, Knight Trans	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Kathryn L Munro	director	200 N WASHINGTON SQUARE, LANSING MI 48933
Jessica Powell	director	2002 W WAHALLA, PHOENIX AZ 85027
Updike James E. Jr.	officer: EVP Sales & Mkt, Knight Trans.	5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Louis Hobson	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Gary J Knight	director, officer: Vice Chairman	2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Reid Dove	director	20002 NORTH 19TH AVENUE, PHOENIX AZ 85027