RXO Inc. (RXO)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | ||
|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 39,000 | 24,000 | 33,000 | |||
| Total assets | US$ in thousands | 1,825,000 | 1,946,000 | 1,912,000 | 2,018,000 | 2,031,000 | 2,237,000 |
| Operating ROA | 2.14% | 1.23% | 1.73% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $39,000K ÷ $1,825,000K
= 2.14%
Operating ROA is a key financial ratio that indicates how efficiently a company is generating operating profits relative to its total assets. For RXO Inc., the operating ROA has fluctuated over the past few quarters, with an upward trend overall. In December 2023, the operating ROA stood at 2.14%, showing an improvement from the 1.23% reported in September 2023 and 1.73% in June 2023. This suggests that RXO Inc. has been able to increase its operating profits relative to its total assets in the most recent quarter compared to the previous periods. However, it might be essential to dig deeper into the company's financial performance and operational efficiency to fully understand the factors driving this change and determine if it is sustainable in the long term.
Peer comparison
Dec 31, 2023