Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
CSX Corp., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | CSX Corp. net fixed asset turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | CSX Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | CSX Corp. total asset turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | CSX Corp. equity turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Net Fixed Asset Turnover
CSX Corp., net fixed asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
| Properties, net | 34,293) | 34,242) | 33,956) | 33,644) | 32,984) | 33,015) | 32,814) | 32,486) | 32,403) | 32,444) | 32,381) | 32,261) | 32,188) | 32,168) | 32,078) | 32,019) | 31,988) | 31,998) | 31,871) | 31,847) | 31,748) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 0.44 | 0.43 | 0.43 | 0.41 | 0.40 | 0.38 | 0.36 | 0.35 | 0.33 | 0.33 | 0.33 | 0.34 | 0.37 | 0.37 | 0.38 | 0.39 | 0.39 | 0.38 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 2.44 | 2.45 | 2.45 | 2.41 | 2.37 | 2.35 | 2.25 | 2.16 | 2.09 | 2.06 | 2.09 | 2.13 | 2.20 | 2.29 | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 15.80 | 15.31 | 14.96 | 13.73 | 11.55 | 9.42 | 8.33 | 7.21 | 6.14 | 6.14 | 6.40 | 7.07 | 7.72 | 8.17 | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.45 | 0.44 | 0.44 | 0.42 | 0.41 | 0.40 | 0.39 | 0.38 | 0.36 | 0.36 | 0.36 | 0.37 | 0.40 | 0.40 | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 2.83 | 2.89 | 3.01 | 2.99 | 2.94 | 2.91 | 2.87 | 2.83 | 2.76 | 2.62 | 2.50 | 2.46 | 2.43 | 2.43 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Net fixed asset turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Properties, net
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 34,293 = 0.44
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | CSX Corp. net fixed asset turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
CSX Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
| Properties, net | 34,293) | 34,242) | 33,956) | 33,644) | 32,984) | 33,015) | 32,814) | 32,486) | 32,403) | 32,444) | 32,381) | 32,261) | 32,188) | 32,168) | 32,078) | 32,019) | 31,988) | 31,998) | 31,871) | 31,847) | 31,748) | |||||||
| Right-of-use operating lease asset | 489) | 505) | 506) | 489) | 496) | 501) | 508) | 462) | 467) | 472) | 500) | 512) | 523) | 532) | 539) | 550) | 550) | —) | —) | —) | —) | |||||||
| Properties, net (including operating lease, right-of-use asset) | 34,782) | 34,747) | 34,462) | 34,133) | 33,480) | 33,516) | 33,322) | 32,948) | 32,870) | 32,916) | 32,881) | 32,773) | 32,711) | 32,700) | 32,617) | 32,569) | 32,538) | 31,998) | 31,871) | 31,847) | 31,748) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.44 | 0.43 | 0.42 | 0.41 | 0.39 | 0.37 | 0.36 | 0.34 | 0.32 | 0.32 | 0.32 | 0.33 | 0.36 | 0.37 | 0.37 | 0.38 | 0.38 | 0.38 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.69 | 1.71 | 1.70 | 1.68 | 1.67 | 1.64 | 1.58 | 1.51 | 1.47 | 1.46 | 1.47 | 1.49 | 1.53 | 2.29 | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 9.73 | 9.03 | 8.68 | 7.65 | 6.50 | 5.39 | 4.95 | 4.25 | 3.57 | 3.61 | 3.75 | 3.97 | 4.16 | 4.25 | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.43 | 0.43 | 0.43 | 0.41 | 0.40 | 0.38 | 0.38 | 0.37 | 0.35 | 0.35 | 0.35 | 0.36 | 0.39 | 0.39 | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 2.53 | 2.61 | 2.73 | 2.71 | 2.66 | 2.63 | 2.60 | 2.55 | 2.52 | 2.40 | 2.28 | 2.25 | 2.21 | 2.22 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Properties, net (including operating lease, right-of-use asset)
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 34,782 = 0.44
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | CSX Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Total Asset Turnover
CSX Corp., total asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
| Total assets | 41,478) | 41,912) | 42,242) | 40,366) | 40,452) | 40,531) | 40,129) | 40,015) | 39,692) | 39,793) | 39,443) | 38,904) | 38,834) | 38,257) | 38,795) | 37,924) | 38,154) | 36,729) | 36,861) | 36,924) | 37,439) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Total asset turnover1 | 0.37 | 0.35 | 0.34 | 0.35 | 0.32 | 0.31 | 0.30 | 0.28 | 0.27 | 0.27 | 0.27 | 0.28 | 0.30 | 0.31 | 0.31 | 0.33 | 0.32 | 0.33 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 1.10 | 1.09 | 1.09 | 1.06 | 1.06 | 1.01 | 0.95 | 0.92 | 0.92 | 0.94 | 1.00 | 0.99 | 1.02 | 1.28 | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 1.04 | 0.99 | 0.93 | 0.82 | 0.65 | 0.45 | 0.40 | 0.35 | 0.31 | 0.33 | 0.42 | 0.46 | 0.48 | 0.45 | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 0.38 | 0.38 | 0.37 | 0.36 | 0.35 | 0.34 | 0.34 | 0.33 | 0.31 | 0.31 | 0.31 | 0.32 | 0.35 | 0.35 | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 1.37 | 1.41 | 1.45 | 1.43 | 1.41 | 1.40 | 1.44 | 1.43 | 1.41 | 1.36 | 1.29 | 1.25 | 1.23 | 1.28 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Total asset turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Total assets
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 41,478 = 0.37
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | CSX Corp. total asset turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Equity Turnover
CSX Corp., equity turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
| Shareholders’ equity, attributable to CSX | 12,326) | 12,615) | 12,874) | 13,131) | 13,184) | 13,490) | 13,163) | 13,426) | 13,151) | 13,101) | 12,713) | 12,150) | 11,871) | 11,848) | 11,864) | 12,276) | 12,428) | 12,563) | 13,719) | 14,009) | 14,378) | |||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Equity turnover1 | 1.23 | 1.18 | 1.13 | 1.06 | 1.00 | 0.93 | 0.91 | 0.84 | 0.80 | 0.81 | 0.84 | 0.90 | 0.99 | 1.01 | 1.03 | 1.01 | 1.00 | 0.98 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||
| FedEx Corp. | 3.77 | 3.75 | 3.74 | 3.59 | 3.56 | 3.47 | 3.58 | 3.55 | 3.67 | 3.78 | 3.70 | 3.71 | 3.84 | 3.92 | — | — | — | — | — | — | — | |||||||
| Uber Technologies Inc. | 4.51 | 4.34 | 4.65 | 3.84 | 2.40 | 1.21 | 1.07 | 0.90 | 0.79 | 0.91 | 1.35 | 1.37 | 1.26 | 1.00 | — | — | — | — | — | — | — | |||||||
| Union Pacific Corp. | 2.01 | 2.05 | 2.08 | 1.84 | 1.90 | 1.54 | 1.52 | 1.44 | 1.19 | 1.15 | 1.14 | 1.23 | 1.35 | 1.20 | — | — | — | — | — | — | — | |||||||
| United Parcel Service Inc. | 4.93 | 5.07 | 5.96 | 6.15 | 6.41 | 6.83 | 7.84 | 8.56 | 12.52 | 128.81 | 14.36 | 17.74 | 22.72 | 22.68 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Equity turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Shareholders’ equity, attributable to CSX
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 12,326 = 1.23
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | CSX Corp. equity turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |