GXO Logistics Inc (GXO)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 318,000 | 305,000 | 287,000 | 247,000 | 242,000 | 231,000 | 195,000 | 158,000 | |||
| Total assets | US$ in thousands | 9,507,000 | 9,091,000 | 9,126,000 | 9,090,000 | 9,219,000 | 8,806,000 | 8,706,000 | 7,126,000 | 7,271,000 | 7,133,000 | 7,068,000 |
| Operating ROA | 3.34% | 3.35% | 3.14% | 2.72% | 2.63% | 2.62% | 2.24% | 2.22% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $318,000K ÷ $9,507,000K
= 3.34%
Operating return on assets (operating ROA) measures a company's ability to generate profit from its operational assets. Looking at the data provided for GXO Logistics Inc, we can observe a fluctuating trend in the operating ROA over the five most recent quarters. The operating ROA has ranged from 3.63% in Q4 2022 to 4.18% in Q3 2023.
The trend indicates that GXO Logistics Inc's ability to generate profit from its operational assets has generally been improving over the quarters, with fluctuations along the way. This suggests that the company is becoming more efficient in utilizing its assets to generate operating income.
It is important for GXO Logistics Inc to continue monitoring and improving its operating ROA to ensure sustainable profitability and efficient asset utilization. By consistently analyzing and optimizing this ratio, the company can enhance its operational performance and potentially create more value for its shareholders.
Peer comparison
Dec 31, 2023