CSX Corporation (CSX)
Total 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 |
| Total assets | US$ in thousands | 42,764,000 | 42,408,000 | 41,912,000 | 40,531,000 | 39,793,000 |
| Total asset turnover | 0.34 | 0.35 | 0.35 | 0.31 | 0.27 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,540,000K ÷ $42,764,000K
= 0.34
Based on the provided data, the total asset turnover of CSX Corporation has been gradually increasing over the past five years. The ratio stood at 0.27 on December 31, 2020, and rose to 0.31 by December 31, 2021. Subsequently, it continued to improve, reaching 0.35 by December 31, 2022, and maintaining this level through December 31, 2023. However, there was a slight dip to 0.34 by December 31, 2024.
This trend suggests that CSX Corporation has become more efficient in generating revenue relative to its total assets, indicating better utilization of its assets in generating sales. A higher total asset turnover ratio typically signifies that the company is effectively utilizing its assets to generate revenue, which can be seen as a positive indicator of operational efficiency and financial performance. Keep in mind that further analysis of other financial metrics and industry benchmarks would provide a more holistic view of the company's performance and efficiency.
Peer comparison
Dec 31, 2024