Norfolk Southern Corporation (NSC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,827,000 | 3,270,000 | 3,005,000 | 2,013,000 | 2,722,000 |
| Total assets | US$ in thousands | 41,652,000 | 38,885,000 | 38,493,000 | 37,962,000 | 37,923,000 |
| ROA | 4.39% | 8.41% | 7.81% | 5.30% | 7.18% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,827,000K ÷ $41,652,000K
= 4.39%
Norfolk Southern Corp.'s return on assets (ROA) has shown fluctuations over the past five years. The company's ROA was 4.38% at the end of 2023, a decrease from 8.40% in 2022 and 7.80% in 2021. This decline suggests that Norfolk Southern Corp. may be experiencing challenges in generating profit from its assets effectively. However, compared to 2020 and 2019 where ROA was 5.29% and 7.16% respectively, the current ROA remains relatively higher. Further analysis of the company's financial performance and asset utilization efficiency is recommended to understand the factors influencing this trend.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Norfolk Southern Corporation
NSC
4.39%
CSX Corporation
CSX
8.76%
Union Pacific Corporation
UNP
9.50%