CSX Corporation (CSX)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,882,000 | 14,031,000 | 14,385,000 | 14,648,000 | 14,396,000 | 14,190,000 | 13,636,000 | 13,039,000 | 12,410,000 | 11,808,000 | 11,094,000 | 9,982,000 | 10,036,000 | 10,096,000 | 10,613,000 | 11,610,000 | 11,955,000 | 12,213,000 | 12,345,000 | 12,386,000 |
| Total assets | US$ in thousands | 42,408,000 | 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 | 38,257,000 | 38,795,000 | 37,924,000 | 38,154,000 |
| Total asset turnover | 0.33 | 0.34 | 0.35 | 0.35 | 0.34 | 0.34 | 0.34 | 0.32 | 0.31 | 0.29 | 0.28 | 0.25 | 0.25 | 0.26 | 0.27 | 0.30 | 0.31 | 0.31 | 0.33 | 0.32 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,882,000K ÷ $42,408,000K
= 0.33
The total asset turnover ratio of CSX Corp. has shown relative stability over the past eight quarters, ranging from 0.32 to 0.37. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. CSX Corp. is consistently generating approximately $0.35 of revenue for every dollar of assets it holds. This implies that the company effectively leverages its assets to drive sales, maintaining a steady level of efficiency in its operations. Overall, the consistent total asset turnover ratio suggests that CSX Corp. has a solid asset utilization strategy in place.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
CSX Corporation
CSX
0.33
Norfolk Southern Corporation
NSC
0.27
Union Pacific Corporation
UNP
0.35