CSX Corporation (CSX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 12,133,000 | 12,625,000 | 13,500,000 | 13,110,000 | 11,863,000 |
| ROE | 30.62% | 33.00% | 28.01% | 21.09% | 28.08% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $3,715,000K ÷ $12,133,000K
= 30.62%
CSX Corp.'s return on equity (ROE) experienced fluctuations over the past five years, ranging from 21.11% in 2020 to 33.02% in 2022. The company's ROE was at 30.63% in 2023, displaying a slight decrease from the previous year. Overall, CSX Corp. has maintained a relatively high ROE compared to its performance in 2020, indicating that the company has efficiently utilized its equity to generate profits for shareholders. The upward trend in ROE from 2020 to 2022 suggests improvements in the company's profitability and efficiency. However, the slight decrease in ROE in 2023 may indicate a potential slowdown in the company's profitability growth, warranting further analysis of the factors influencing its return on equity.
Peer comparison
Dec 31, 2023