GATX Corporation (GATX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 284,200 | 259,200 | 155,900 | 143,100 | 151,300 |
| Total assets | US$ in thousands | 12,296,500 | 11,326,000 | 10,072,000 | 9,541,700 | 8,937,600 |
| ROA | 2.31% | 2.29% | 1.55% | 1.50% | 1.69% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $284,200K ÷ $12,296,500K
= 2.31%
Based on the provided data, GATX Corporation's return on assets (ROA) has fluctuated over the last five years. In December 31, 2020, the ROA was 1.69%, which decreased slightly to 1.50% by December 31, 2021. However, there was a small improvement in ROA to 1.55% by December 31, 2022.
The company's performance significantly improved in December 31, 2023, with an ROA of 2.29%, indicating better utilization of assets to generate profits. This positive trend continued into December 31, 2024, where the ROA further increased to 2.31%.
Overall, the upward trend in GATX Corporation's ROA over the last two years suggests that the company has been effectively generating profits relative to its assets investment, showcasing improved efficiency and profitability. It indicates that GATX Corporation is utilizing its assets more effectively to generate earnings for its shareholders.
Peer comparison
Dec 31, 2024