CSX Corporation (CSX)
Total 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 |
| Total assets | US$ in thousands | 42,764,000 | 43,069,000 | 42,362,000 | 42,695,000 | 42,970,000 | 41,850,000 | 41,217,000 | 41,478,000 | 41,912,000 | 42,242,000 | 40,366,000 | 40,452,000 | 40,531,000 | 40,129,000 | 40,015,000 | 39,692,000 | 39,793,000 | 39,443,000 | 38,904,000 | 38,834,000 |
| Total asset turnover | 0.34 | 0.34 | 0.35 | 0.34 | 0.34 | 0.35 | 0.36 | 0.37 | 0.35 | 0.34 | 0.35 | 0.32 | 0.31 | 0.30 | 0.28 | 0.27 | 0.27 | 0.27 | 0.28 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,540,000K ÷ $42,764,000K
= 0.34
The total asset turnover ratio for CSX Corporation has shown a slight fluctuation over the past five years, ranging from 0.27 to 0.37. This ratio indicates the efficiency with which the company generates sales revenue from its total assets. A higher total asset turnover ratio generally implies better asset utilization and efficiency in generating revenue.
From March 31, 2020 to June 30, 2022, the total asset turnover ratio remained relatively stable between 0.27 and 0.35. There was a notable increase in the ratio from March 31, 2022 to March 31, 2024, reaching a peak of 0.37, suggesting improved asset utilization during this period. However, the ratio declined slightly to 0.34 by December 31, 2024.
Overall, CSX Corporation has shown efficiency in generating sales from its assets, with a gradual improvement in asset turnover over the years. Monitoring this ratio can provide insights into the company's operational efficiency and effectiveness in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024