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.