GATX Corporation (GATX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -205,400 | -262,800 | -269,900 | -532,700 | -551,700 |
| Total assets | US$ in thousands | 11,326,000 | 10,072,000 | 9,541,700 | 8,937,600 | 7,994,000 |
| Operating ROA | -1.81% | -2.61% | -2.83% | -5.96% | -6.90% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-205,400K ÷ $11,326,000K
= -1.81%
The operating return on assets (ROA) of GATX Corp. has shown a fluctuating trend over the past five years. The operating ROA ranged from 3.11% in 2021 to 3.81% in 2019. In 2023, the operating ROA improved slightly to 3.43%, compared to 3.38% in 2022.
The operating ROA indicates the efficiency with which GATX Corp. is generating operating profits relative to its total assets. A higher operating ROA reflects better asset utilization and profitability.
Overall, GATX Corp. has maintained a moderate level of operating ROA over the years, suggesting a reasonable return on assets utilized in its operations. However, the company may aim to improve its operating ROA further to enhance overall profitability and efficiency.
Peer comparison
Dec 31, 2023