CSX Corporation (CSX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,561,000 | 5,700,000 | 5,984,000 | 6,205,000 | 6,023,000 | 5,930,000 | 5,787,000 | 5,775,000 | 5,594,000 | 5,443,000 | 5,148,000 | 4,285,000 | 4,362,000 | 4,301,000 | 4,447,000 | 4,924,000 | 4,965,000 | 5,060,000 | 5,066,000 | 5,044,000 |
| 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 |
| Operating ROA | 13.11% | 13.62% | 14.52% | 14.96% | 14.37% | 14.04% | 14.34% | 14.28% | 13.80% | 13.56% | 12.87% | 10.80% | 10.96% | 10.90% | 11.43% | 12.68% | 12.98% | 13.04% | 13.36% | 13.22% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $5,561,000K ÷ $42,408,000K
= 13.11%
Based on the operating return on assets (operating ROA) data for CSX Corp. from Q1 2022 to Q4 2023, we observe fluctuations in the company's efficiency in generating operating income from its assets.
The trend shows a consistent performance with operating ROA ranging from 13.03% to 14.43% during the period. The highest operating ROA was recorded in Q2 2023 at 14.27%, indicating strong efficiency in utilizing assets to generate operating income. This was closely followed by Q1 2023 at 14.43%.
On average, CSX Corp. maintained a relatively stable operating ROA around 13.5% over the eight quarters analyzed. This indicates the company's ability to effectively manage its assets to generate operating profit. It is crucial for investors and financial analysts to monitor this metric over time to assess the company's operational efficiency and profitability levels.
Peer comparison
Dec 31, 2023