GXO Logistics Inc (GXO)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 318,000 | 242,000 | 151,000 |
| Total assets | US$ in thousands | 9,507,000 | 9,219,000 | 7,271,000 |
| Operating ROA | 3.34% | 2.63% | 2.08% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $318,000K ÷ $9,507,000K
= 3.34%
GXO Logistics Inc's operating return on assets (operating ROA) has shown a positive trend over the past four years, steadily increasing from 1.22% in 2020 to 4.04% in 2023. This indicates that the company has been more efficient in generating operating profits from its assets over time.
The improvement in operating ROA suggests that GXO Logistics Inc has been able to effectively utilize its assets to generate operating income. This could be attributed to various factors such as improving operational efficiency, increasing revenue streams, or optimizing asset utilization.
Overall, the increasing trend in operating ROA reflects positively on GXO Logistics Inc's operational performance and efficiency in managing its assets to generate operating profits. It indicates the company's ability to generate higher returns relative to its asset base, which could be seen as a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023