CSX Corporation (CSX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,715,000 | 3,847,000 | 4,112,000 | 4,294,000 | 4,166,000 | 4,082,000 | 3,939,000 | 3,934,000 | 3,781,000 | 3,607,000 | 3,375,000 | 2,701,000 | 2,765,000 | 2,776,000 | 2,896,000 | 3,267,000 | 3,331,000 | 3,403,000 | 3,441,000 | 3,448,000 |
| 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 |
| ROA | 8.76% | 9.19% | 9.98% | 10.35% | 9.94% | 9.66% | 9.76% | 9.73% | 9.33% | 8.99% | 8.43% | 6.80% | 6.95% | 7.04% | 7.44% | 8.41% | 8.71% | 8.77% | 9.07% | 9.04% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,715,000K ÷ $42,408,000K
= 8.76%
CSX Corp.'s return on assets (ROA) has shown fluctuations over the past eight quarters, ranging from a low of 8.76% in Q4 2023 to a high of 10.35% in Q1 2023. The ROA has generally been above 9%, indicating that the company is generating a healthy return on its assets. However, the slight variations in ROA suggest that the company's asset utilization and profitability may have experienced some volatility. It is important for investors and stakeholders to monitor these fluctuations closely to assess CSX Corp.'s overall financial performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
CSX Corporation
CSX
8.76%
Norfolk Southern Corporation
NSC
4.39%
Union Pacific Corporation
UNP
9.50%