Norfolk Southern Corporation (NSC)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 12,123,000 11,434,000 12,053,000 10,496,000 9,164,000
Property, plant and equipment US$ in thousands 35,831,000 33,326,000 32,156,000 31,653,000 31,345,000
Fixed asset turnover 0.34 0.34 0.37 0.33 0.29

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,123,000K ÷ $35,831,000K
= 0.34

The fixed asset turnover ratio for Norfolk Southern Corporation has shown a gradual improvement over the years from 0.29 in December 31, 2020, to 0.34 in both December 31, 2023, and December 31, 2024. This indicates that the company generated $0.34 in revenue for every dollar invested in fixed assets during those years. Although there was a slight dip in the ratio to 0.33 in December 31, 2021, the overall trend suggests that Norfolk Southern has become more efficient in utilizing its fixed assets to generate sales revenue. This improvement may indicate better operational efficiency or strategic asset management within the company. Monitoring this ratio over time can provide insights into the company's ability to effectively leverage its fixed assets to drive revenue growth.


Peer comparison

Dec 31, 2024

Company name
Symbol
Fixed asset turnover
Norfolk Southern Corporation
NSC
0.34
CSX Corporation
CSX
0.40
Union Pacific Corporation
UNP
0.42

See also:

Norfolk Southern Corporation Net Fixed Asset Turnover