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