Union Pacific Corporation (UNP)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,082,000 | 9,917,000 | 9,338,000 | 7,834,000 | 8,554,000 |
| Total assets | US$ in thousands | 67,132,000 | 65,449,000 | 63,525,000 | 62,398,000 | 61,673,000 |
| Operating ROA | 13.53% | 15.15% | 14.70% | 12.55% | 13.87% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $9,082,000K ÷ $67,132,000K
= 13.53%
The operating return on assets (operating ROA) of Union Pacific Corp. has fluctuated over the past five years. The company's operating ROA was 13.53% in 2023, 15.15% in 2022, 14.70% in 2021, 12.55% in 2020, and 13.87% in 2019.
The trend indicates that the company's ability to generate operating profits from its assets has varied annually. The highest operating ROA was recorded in 2022 at 15.15%, indicating efficient utilization of assets to generate operating income. In contrast, the lowest operating ROA was observed in 2020 at 12.55%, suggesting a relatively lower return generated from asset operations during that year.
Overall, Union Pacific Corp.'s operating ROA performance demonstrates some variability but generally reflects a reasonably effective management of assets to generate operating profits over the past five years. Further analysis and comparison with industry peers may provide additional insights into the company's operational efficiency.
Peer comparison
Dec 31, 2023