Norfolk Southern Corporation (NSC)
Total asset turnover
| 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 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,434,000 | 11,616,000 | 11,993,000 | 12,263,000 | 12,053,000 | 11,680,000 | 11,202,000 | 10,760,000 | 10,496,000 | 10,382,000 | 10,045,000 | 9,336,000 | 9,324,000 | 9,441,000 | 9,781,000 | 10,624,000 | 10,844,000 | 11,050,000 | 11,164,000 | 11,159,000 |
| Total assets | US$ in thousands | 41,652,000 | 40,739,000 | 39,261,000 | 39,169,000 | 38,885,000 | 39,306,000 | 39,336,000 | 39,361,000 | 38,493,000 | 38,604,000 | 38,754,000 | 37,937,000 | 37,962,000 | 38,179,000 | 37,962,000 | 37,438,000 | 37,923,000 | 37,500,000 | 37,172,000 | 37,062,000 |
| Total asset turnover | 0.27 | 0.29 | 0.31 | 0.31 | 0.31 | 0.30 | 0.28 | 0.27 | 0.27 | 0.27 | 0.26 | 0.25 | 0.25 | 0.25 | 0.26 | 0.28 | 0.29 | 0.29 | 0.30 | 0.30 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,434,000K ÷ $41,652,000K
= 0.27
The total asset turnover ratio measures the effectiveness of Norfolk Southern Corp. in generating sales revenue from its total assets. Based on the data provided, the total asset turnover ratio has fluctuated slightly over the past eight quarters, ranging from 0.29 to 0.33.
The general trend indicates that Norfolk Southern Corp. has been able to generate sales relative to its total assets, with a peak in Q1 2023 at 0.33. However, the ratio has not shown consistent improvement or deterioration over the period analyzed.
It is essential to consider industry benchmarks and compare Norfolk Southern Corp.'s total asset turnover ratio with its competitors to gain a more comprehensive understanding of its operational efficiency and asset utilization. Further analysis is required to determine the underlying factors influencing these fluctuations and to assess the company's overall performance relative to its asset base.
Peer comparison
Dec 31, 2023
See also:
Norfolk Southern Corporation Total Asset Turnover (Quarterly Data)