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

Company name
Symbol
Total asset turnover
Norfolk Southern Corporation
NSC
0.26
CSX Corporation
CSX
0.33
Union Pacific Corporation
UNP
0.36

See also:

Norfolk Southern Corporation Total Asset Turnover (Quarterly Data)