GATX Corporation (GATX)

Return on assets (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
Net income (ttm)	US$ in thousands	259,200	241,600	218,200	157,500	155,900	168,500	179,500	182,400	143,100	99,900	107,700	141,500	151,300	190,100	187,300	216,000	211,200	203,800	205,700	176,500
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
ROA		2.29%	2.27%	2.06%	1.57%	1.55%	1.71%	1.88%	1.84%	1.50%	1.04%	1.15%	1.43%	1.69%	2.19%	2.20%	2.48%	2.64%	2.52%	2.46%	2.14%

December 31, 2023 calculation

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

The return on assets (ROA) of GATX Corp. has been relatively stable over the past eight quarters, fluctuating within a range of 1.55% to 2.29%. The company's ROA peaked in Q4 2023 at 2.29% and has generally shown an increasing trend since Q1 2023. This indicates that the company has been effectively generating profits relative to its total assets.

A ROA of 2.29% in Q4 2023 suggests that for every dollar of assets, GATX Corp. generated a return of 2.29 cents during that period. The company's ability to maintain consistently positive ROA figures reflects its efficiency in utilizing its assets to generate profits.

Overall, the upward trend in ROA and the relatively stable performance indicate that GATX Corp. has been effectively managing its assets to generate returns for its shareholders. However, a deep dive into the company's operations and industry dynamics would provide a more comprehensive understanding of the factors driving its ROA performance.