Norfolk Southern Corporation (NSC)
Total 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 |
| Total assets | US$ in thousands | 43,682,000 | 41,652,000 | 38,885,000 | 38,493,000 | 37,962,000 |
| Total asset turnover | 0.28 | 0.27 | 0.31 | 0.27 | 0.24 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,123,000K ÷ $43,682,000K
= 0.28
The total asset turnover of Norfolk Southern Corporation has shown a gradual increase over the years, from 0.24 in 2020 to 0.28 in 2024. This indicates that the company is generating more revenue relative to its total assets, which is a positive sign of efficient asset utilization. The ratio of total asset turnover of 0.28 in 2024 suggests that for every dollar of assets the company holds, it is generating 28 cents in revenue. Overall, this trend signals improved efficiency in how Norfolk Southern Corporation is using its assets to generate sales revenue, which is crucial for long-term financial sustainability and profitability.
Peer comparison
Dec 31, 2024