XPO Logistics Inc (XPO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 189,000 | 666,000 | 336,000 | 110,000 | 419,000 |
| Total assets | US$ in thousands | 7,492,000 | 6,269,000 | 8,717,000 | 16,177,000 | 14,128,000 |
| ROA | 2.52% | 10.62% | 3.85% | 0.68% | 2.97% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $189,000K ÷ $7,492,000K
= 2.52%
The return on assets (ROA) of XPO Inc has fluctuated over the past five years. In 2023, the ROA decreased significantly to 2.52% from 10.62% in 2022. This decline indicates that the company's ability to generate profit from its assets decreased sharply. However, compared to 2020 and 2019, the ROA in 2023 is still higher, suggesting some improvement in asset utilization.
Overall, the ROA for XPO Inc has been inconsistent, with varying levels of profitability relative to its asset base. Further analysis of the company's financial performance and asset management strategies would be necessary to understand the factors behind these fluctuations and assess the company's overall efficiency in generating returns from its assets.
Peer comparison
Dec 31, 2023