CSX Corporation (CSX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,470,000 | 3,715,000 | 4,166,000 | 3,781,000 | 2,765,000 |
| Total assets | US$ in thousands | 42,764,000 | 42,408,000 | 41,912,000 | 40,531,000 | 39,793,000 |
| ROA | 8.11% | 8.76% | 9.94% | 9.33% | 6.95% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $3,470,000K ÷ $42,764,000K
= 8.11%
CSX Corporation's return on assets (ROA) has shown a generally positive trend over the past five years. Starting at 6.95% as of December 31, 2020, the ROA increased to 9.33% by the end of 2021, indicating an improvement in the company's efficiency in generating profits from its assets.
Further growth was seen in 2022, with the ROA reaching 9.94%, demonstrating continued effectiveness in utilizing its assets to generate earnings. However, there was a slight decrease in ROA to 8.76% by the end of 2023, suggesting a potential decrease in profitability relative to the previous year.
In 2024, CSX Corporation's ROA further declined to 8.11%, indicating that the company may have faced challenges in maintaining its profitability relative to the previous year. Overall, while CSX Corporation has shown fluctuations in ROA over the five-year period, it maintained a positive ROA, reflecting its ability to generate earnings from its asset base.
Peer comparison
Dec 31, 2024