Norfolk Southern Corporation (NSC)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,827,000 | 2,090,000 | 2,570,000 | 3,033,000 | 3,270,000 | 3,240,000 | 3,035,000 | 3,035,000 | 3,005,000 | 2,916,000 | 2,732,000 | 2,305,000 | 2,013,000 | 2,008,000 | 2,096,000 | 2,426,000 | 2,722,000 | 2,758,000 | 2,803,000 | 2,791,000 |
| 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 |
| ROA | 4.39% | 5.13% | 6.55% | 7.74% | 8.41% | 8.24% | 7.72% | 7.71% | 7.81% | 7.55% | 7.05% | 6.08% | 5.30% | 5.26% | 5.52% | 6.48% | 7.18% | 7.35% | 7.54% | 7.53% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,827,000K ÷ $41,652,000K
= 4.39%
The return on assets (ROA) for Norfolk Southern Corp. has shown a declining trend over the quarters, starting at 8.40% in Q4 2022 and decreasing to 4.38% in Q4 2023. This downward trend in ROA indicates that the company's ability to generate profits from its assets has weakened over time.
The ROA reached its peak at 8.40% in Q4 2022 and has since decreased steadily, with occasional fluctuations, reaching 4.38% in Q4 2023. This decline suggests that Norfolk Southern Corp. may be experiencing challenges in efficiently utilizing its assets to generate earnings.
Furthermore, the ROA values fluctuated between 4.38% and 8.40% throughout the quarters, indicating variability in the company's performance in terms of generating profits relative to its assets. It is important for Norfolk Southern Corp. to closely monitor and assess the factors contributing to this fluctuation in ROA to make informed decisions regarding asset utilization and profitability.
Peer comparison
Dec 31, 2023
See also:
Norfolk Southern Corporation Return on Assets (ROA) (Quarterly Data)