CSX Corporation (CSX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,540,000 | 14,657,000 | 14,853,000 | 12,522,000 | 10,583,000 |
| Property, plant and equipment | US$ in thousands | — | — | 34,242,000 | 33,015,000 | 32,444,000 |
| Fixed asset turnover | — | — | 0.43 | 0.38 | 0.33 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $14,540,000K ÷ $—K
= —
The fixed asset turnover ratio for CSX Corporation has been demonstrating an upward trend over the years, increasing from 0.33 in December 31, 2020, to 0.38 in December 31, 2021, and further to 0.43 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of efficiency in asset utilization. However, it is worth noting that the data is unavailable for December 31, 2023 and December 31, 2024, which may limit the ability to fully assess the company's performance in those years. Overall, the improving trend suggests that CSX Corporation is effectively leveraging its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024