GXO Logistics Inc (GXO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 229,000 | 197,000 | 153,000 |
| Total assets | US$ in thousands | 9,507,000 | 9,219,000 | 7,271,000 |
| ROA | 2.41% | 2.14% | 2.10% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $229,000K ÷ $9,507,000K
= 2.41%
The return on assets (ROA) for GXO Logistics Inc has shown a positive trend over the past three years, with the ROA increasing from 2.10% in 2021 to 2.41% in 2023. This indicates the company has been more effective in generating profits relative to its total assets during this period. In 2020, the company had a negative ROA of -0.20%, suggesting the assets were not utilized efficiently to generate profits that year. Overall, the improving ROA trend reflects positively on the company's operational efficiency and financial performance in recent years.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
GXO Logistics Inc
GXO
2.41%
Booking Holdings Inc
BKNG
17.62%
Expedia Group Inc.
EXPE
3.68%
GATX Corporation
GATX
2.29%
RXO Inc.
RXO
0.22%
Verra Mobility Corp
VRRM
3.19%
XPO Logistics Inc
XPO
2.52%