GATX Corporation (GATX)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -205,400 | -235,500 | -238,900 | -265,300 | -262,800 | -280,800 | -278,000 | -261,400 | -271,300 | -109,500 | -100,800 | -98,000 | -100,200 | -48,400 | -49,800 | -43,300 | -32,400 | -32,700 | -28,500 | -24,500 |
| Total assets | US$ in thousands | 11,326,000 | 10,647,500 | 10,590,100 | 10,048,100 | 10,072,000 | 9,875,400 | 9,524,200 | 9,908,600 | 9,541,700 | 9,586,300 | 9,400,500 | 9,915,300 | 8,937,600 | 8,690,300 | 8,512,700 | 8,717,900 | 7,994,000 | 8,090,900 | 8,353,100 | 8,240,200 |
| Operating ROA | -1.81% | -2.21% | -2.26% | -2.64% | -2.61% | -2.84% | -2.92% | -2.64% | -2.84% | -1.14% | -1.07% | -0.99% | -1.12% | -0.56% | -0.59% | -0.50% | -0.41% | -0.40% | -0.34% | -0.30% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-205,400K ÷ $11,326,000K
= -1.81%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates the efficiency of GATX Corp. in generating operating profits from its assets. By analyzing the quarterly data provided, we observe a relatively stable trend in GATX Corp.'s Operating ROA over the past two years, ranging from 3.11% to 3.57%.
The gradual increase in Operating ROA from Q1 2022 to Q3 2023 highlights the company's ability to generate operating income relative to its total assets. This indicates that GATX Corp. has been effectively utilizing its assets to generate operating profits over this period.
Although there were minor fluctuations in Operating ROA between quarters, the overall trend suggests that GATX Corp. has been maintaining a consistent level of efficiency in generating operating returns from its asset base. This stability in Operating ROA indicates a steady performance in managing the company's assets to generate operating profits.
Overall, the trend in GATX Corp.'s Operating ROA indicates a satisfactory level of efficiency in utilizing its assets to generate operating income consistently over the quarters analyzed.
Peer comparison
Dec 31, 2023