GXO Logistics Inc (GXO)

Return on assets (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
Net income (ttm)	US$ in thousands	229,000	202,000	199,000	185,000	197,000	207,000	216,000	176,000
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
ROA		2.41%	2.22%	2.18%	2.04%	2.14%	2.35%	2.48%	2.47%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $229,000K ÷ $9,507,000K
= 2.41%

GXO Logistics Inc's return on assets (ROA) has shown a relatively stable trend over the past five quarters, ranging between 2.04% and 2.41%. This indicates that, on average, the company has been generating approximately 2.2% return on its assets during this period. The consistency in ROA suggests that GXO Logistics Inc has been effectively utilizing its assets to generate profits. However, to gain a deeper understanding of the company's overall performance, it would be beneficial to analyze other financial indicators alongside ROA.