CSX Corporation (CSX)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,540,000 | 14,681,000 | 14,634,000 | 14,632,000 | 14,657,000 | 14,707,000 | 15,030,000 | 15,146,000 | 14,853,000 | 14,550,000 | 13,947,000 | 13,122,000 | 12,522,000 | 11,920,000 | 11,276,000 | 10,541,000 | 10,583,000 | 10,643,000 | 10,973,000 | 11,779,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 35,152,000 | 34,477,000 | 34,293,000 | 34,242,000 | 33,956,000 | 33,644,000 | 32,984,000 | 33,015,000 | 32,814,000 | 32,948,000 | 32,403,000 | 32,444,000 | 32,381,000 | 32,261,000 | 32,188,000 |
| Fixed asset turnover | — | — | — | — | — | 0.42 | 0.44 | 0.44 | 0.43 | 0.43 | 0.41 | 0.40 | 0.38 | 0.36 | 0.34 | 0.33 | 0.33 | 0.33 | 0.34 | 0.37 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,540,000K ÷ $—K
= —
The fixed asset turnover ratio for CSX Corporation has shown a fluctuating trend over the observed period. Starting at 0.37 in March 2020, the ratio decreased to 0.33 by September 2020, and remained at this level until March 2021. Subsequently, the ratio increased to 0.41 by June 2022, indicating an improvement in the company's ability to generate revenue relative to its investment in fixed assets. The ratio continued to rise to 0.44 by June 2023, reaching its peak during the period under review.
During the latter half of 2023 and throughout 2024, the fixed asset turnover ratio showed stability, remaining at 0.44. However, it is noteworthy that the data is unavailable for the last quarters of 2024, indicating a lack of information for a complete assessment of the trend beyond June 2024.
Overall, the increasing trend in the fixed asset turnover ratio from 2020 to 2023 reflects positively on CSX Corporation's efficiency in utilizing its fixed assets to generate revenue. Monitoring future data beyond June 2024 will provide a clearer picture of the company's ongoing performance in this aspect.
Peer comparison
Dec 31, 2024