CSX Corporation (CSX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,715,000 | 4,166,000 | 3,781,000 | 2,765,000 | 3,331,000 |
| Total assets | US$ in thousands | 42,408,000 | 41,912,000 | 40,531,000 | 39,793,000 | 38,257,000 |
| ROA | 8.76% | 9.94% | 9.33% | 6.95% | 8.71% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $3,715,000K ÷ $42,408,000K
= 8.76%
CSX Corp.'s return on assets (ROA) has displayed fluctuations over the past five years. In 2023, the ROA stood at 8.76%, showing a slight decrease from the previous year's 9.94%. This decrease suggests that the company's ability to generate profit from its assets has slightly weakened.
Compared to 2021, the ROA in 2023 is still higher, indicating that the company has improved its asset utilization efficiency. However, when compared to the ROA in 2020 and 2019, the current ROA remains relatively lower.
Overall, CSX Corp.'s ROA has shown some variability in recent years, indicating the company's varying efficiency in generating profits from its assets. Further analysis of the company's strategies and operational performance may be necessary to assess the factors influencing these fluctuations in ROA.
Peer comparison
Dec 31, 2023