CSX Corporation (CSX)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,561,000 | 5,700,000 | 5,984,000 | 6,205,000 | 6,023,000 | 5,930,000 | 5,787,000 | 5,775,000 | 5,594,000 | 5,443,000 | 5,148,000 | 4,285,000 | 4,362,000 | 4,301,000 | 4,447,000 | 4,924,000 | 4,965,000 | 5,060,000 | 5,066,000 | 5,044,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 45.83% | 47.68% | 48.75% | 50.31% | 47.71% | 46.03% | 44.04% | 43.77% | 41.44% | 41.32% | 38.32% | 32.56% | 33.27% | 33.79% | 36.56% | 41.42% | 41.85% | 42.60% | 41.22% | 40.53% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,561,000K ÷ ($—K + $12,133,000K)
= 45.83%
Based on the data provided for CSX Corp.'s return on total capital over the past eight quarters, there appears to be a relatively stable trend with some minor fluctuations. The return on total capital has ranged from a low of 17.93% in Q1 2022 to a high of 19.79% in Q1 2023.
Overall, CSX Corp. has maintained a healthy return on total capital, consistently above 18% in most quarters. This indicates that the company is efficiently utilizing its total capital to generate profits for its stakeholders. The slight variations in the return on total capital over the quarters may be influenced by changes in the company's financial performance, capital structure, and overall business operations.
It's important to continue monitoring CSX Corp.'s return on total capital to assess its financial efficiency and profitability in the long term.
Peer comparison
Dec 31, 2023