CSX Corporation (CSX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 12,133,000 | 11,954,000 | 12,274,000 | 12,334,000 | 12,625,000 | 12,883,000 | 13,141,000 | 13,195,000 | 13,500,000 | 13,172,000 | 13,434,000 | 13,160,000 | 13,110,000 | 12,727,000 | 12,163,000 | 11,888,000 | 11,863,000 | 11,879,000 | 12,290,000 | 12,445,000 |
| ROE | 30.62% | 32.18% | 33.50% | 34.81% | 33.00% | 31.69% | 29.97% | 29.81% | 28.01% | 27.38% | 25.12% | 20.52% | 21.09% | 21.81% | 23.81% | 27.48% | 28.08% | 28.65% | 28.00% | 27.71% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,715,000K ÷ $12,133,000K
= 30.62%
CSX Corp. has shown a consistently strong return on equity (ROE) trend in the most recent quarters, with ROE ranging from 30.63% to 34.84%. This suggests that the company is efficiently utilizing its shareholders' equity to generate profits. The increasing trend in ROE over the quarters indicates improving profitability and efficiency in generating returns for shareholders. Additionally, the ROE figures for each quarter are higher than the same quarter of the previous year, demonstrating positive growth in shareholder value over time. Overall, CSX Corp. has been able to effectively leverage its equity to generate returns for its shareholders, reflecting a sound financial performance.
Peer comparison
Dec 31, 2023