GATX Corporation (GATX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 416,600 | -22,500 | -25,900 | -112,000 | -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 |
| Total assets | US$ in thousands | 12,296,500 | 12,379,900 | 12,222,600 | 11,579,100 | 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 |
| Operating ROA | 3.39% | -0.18% | -0.21% | -0.97% | -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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $416,600K ÷ $12,296,500K
= 3.39%
GATX Corporation's operating return on assets (operating ROA) has fluctuated over the given periods. The trend shows a general decline in operating ROA from a negative percentage in March 2020 to its lowest point of -2.92% in June 2022. However, there has been a significant improvement in performance since then, with the operating ROA reaching 3.39% by December 2024.
The negative operating ROA figures for most periods indicate that the company's operating income generated from its assets was insufficient to cover the asset base. This could be a result of decreased profitability or inefficiencies in asset utilization. The substantial increase in operating ROA to 3.39% by December 2024 suggests that the company may have implemented strategies to boost profitability and improve asset utilization during that period.
Overall, the improving trend in operating ROA for GATX Corporation signals positive changes in the company's operational efficiency and financial performance, as reflected in the increasing returns generated from its assets in the later periods of the data provided.
Peer comparison
Dec 31, 2024