GATX Corporation (GATX)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	259,200	155,900	143,100	151,300	211,200
Total assets	US$ in thousands	11,326,000	10,072,000	9,541,700	8,937,600	7,994,000
ROA		2.29%	1.55%	1.50%	1.69%	2.64%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $259,200K ÷ $11,326,000K
= 2.29%

The return on assets (ROA) of GATX Corp. has shown varying trends over the past five years. The ROA was 2.29% at the end of 2023, which represents an improvement compared to the previous year's ROA of 1.55% in 2022. However, when compared to 2021 and 2020, the ROA in 2023 is slightly lower, as it was 1.50% and 1.69% respectively.

The significant decrease in ROA from 2.55% in 2019 to 1.50% in 2021 may indicate challenges in effectively utilizing the company's assets to generate profits during that period. It is encouraging to see a recovery in 2023, suggesting potential improvements in asset management efficiency or profitability.

Overall, further analysis would be required to understand the factors contributing to these fluctuations in ROA and to determine whether GATX Corp. is effectively utilizing its assets to generate returns for its shareholders.