Norfolk Southern Corporation (NSC)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,497,000 | 11,776,000 | 11,514,000 | 11,280,000 | 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 |
| Total assets | US$ in thousands | 43,682,000 | 43,255,000 | 42,558,000 | 42,128,000 | 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 |
| Total asset turnover | 0.26 | 0.27 | 0.27 | 0.27 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,497,000K ÷ $43,682,000K
= 0.26
Norfolk Southern Corporation's total asset turnover has shown fluctuating trends over the given period. The total asset turnover ratio measures the efficiency of the company in generating sales from its assets. The ratio has ranged from 0.25 to 0.31 during the period, indicating that, on average, the company generates sales between 25% to 31% of its total assets.
The ratio remained relatively stable between 2020 and 2021, hovering around 0.25 to 0.26. It started to increase steadily from June 2022, reaching its peak at 0.31 in December 2022. However, the ratio declined in the following quarters but remained above the levels seen in the earlier years.
The overall trend suggests that Norfolk Southern Corporation has been able to improve its efficiency in generating sales from its assets, with a notable increase in turnover between 2022 and 2023. A higher total asset turnover is generally favorable as it indicates that the company is efficiently utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2024
See also:
Norfolk Southern Corporation Total Asset Turnover (Quarterly Data)