Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

This company has been moved to the archive! The financial data has not been updated since April 27, 2022.

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Norfolk Southern Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net fixed asset turnover 0.36 0.35 0.35 0.34 0.31 0.31 0.32 0.33 0.36 0.36 0.37 0.37 0.37 0.37 0.37 0.36 0.35 0.35
Total asset turnover 0.29 0.29 0.28 0.27 0.26 0.26 0.26 0.27 0.30 0.30 0.31 0.31 0.31 0.32 0.31 0.31 0.30 0.30
Equity turnover 0.85 0.82 0.78 0.73 0.67 0.66 0.66 0.69 0.74 0.74 0.75 0.76 0.76 0.75 0.73 0.66 0.65 0.64

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Norfolk Southern Corp. net fixed asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Norfolk Southern Corp. total asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Norfolk Southern Corp. equity turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Net Fixed Asset Turnover

Norfolk Southern Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Railway operating revenues 2,915 2,852 2,852 2,799 2,639 2,573 2,506 2,085 2,625 2,690 2,841 2,925 2,840 2,896 2,947 2,898 2,717 2,669 2,670 2,637 2,575
Properties less accumulated depreciation 31,657 31,653 31,429 31,355 31,312 31,345 31,239 31,217 31,179 31,614 31,394 31,201 31,158 31,091 30,712 30,540 30,396 30,330 30,163 30,033 29,927
Long-term Activity Ratio
Net fixed asset turnover1 0.36 0.35 0.35 0.34 0.31 0.31 0.32 0.33 0.36 0.36 0.37 0.37 0.37 0.37 0.37 0.36 0.35 0.35
Benchmarks
Net Fixed Asset Turnover, Competitors2
FedEx Corp. 2.37 2.35 2.25 2.16 2.09 2.06 2.09 2.13 2.20 2.29
Uber Technologies Inc. 11.55 9.42 8.33 7.21 6.14 6.14 6.40 7.07 7.72 8.17
Union Pacific Corp. 0.41 0.40 0.39 0.38 0.36 0.36 0.36 0.37 0.40 0.40
United Parcel Service Inc. 2.94 2.91 2.87 2.83 2.76 2.62 2.50 2.46 2.43 2.43

Based on: 10-Q (reporting date: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Net fixed asset turnover = (Railway operating revenuesQ1 2022 + Railway operating revenuesQ4 2021 + Railway operating revenuesQ3 2021 + Railway operating revenuesQ2 2021) ÷ Properties less accumulated depreciation
= (2,915 + 2,852 + 2,852 + 2,799) ÷ 31,657 = 0.36

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. Norfolk Southern Corp. net fixed asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Total Asset Turnover

Norfolk Southern Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Railway operating revenues 2,915 2,852 2,852 2,799 2,639 2,573 2,506 2,085 2,625 2,690 2,841 2,925 2,840 2,896 2,947 2,898 2,717 2,669 2,670 2,637 2,575
Total assets 39,361 38,493 38,604 38,754 37,937 37,962 38,179 37,962 37,438 37,923 37,500 37,172 37,062 36,239 36,322 35,788 36,162 35,711 35,153 34,922 35,145
Long-term Activity Ratio
Total asset turnover1 0.29 0.29 0.28 0.27 0.26 0.26 0.26 0.27 0.30 0.30 0.31 0.31 0.31 0.32 0.31 0.31 0.30 0.30
Benchmarks
Total Asset Turnover, Competitors2
FedEx Corp. 1.06 1.01 0.95 0.92 0.92 0.94 1.00 0.99 1.02 1.28
Uber Technologies Inc. 0.65 0.45 0.40 0.35 0.31 0.33 0.42 0.46 0.48 0.45
Union Pacific Corp. 0.35 0.34 0.34 0.33 0.31 0.31 0.31 0.32 0.35 0.35
United Parcel Service Inc. 1.41 1.40 1.44 1.43 1.41 1.36 1.29 1.25 1.23 1.28

Based on: 10-Q (reporting date: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Total asset turnover = (Railway operating revenuesQ1 2022 + Railway operating revenuesQ4 2021 + Railway operating revenuesQ3 2021 + Railway operating revenuesQ2 2021) ÷ Total assets
= (2,915 + 2,852 + 2,852 + 2,799) ÷ 39,361 = 0.29

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. Norfolk Southern Corp. total asset turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Equity Turnover

Norfolk Southern Corp., equity turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Railway operating revenues 2,915 2,852 2,852 2,799 2,639 2,573 2,506 2,085 2,625 2,690 2,841 2,925 2,840 2,896 2,947 2,898 2,717 2,669 2,670 2,637 2,575
Stockholders’ equity 13,461 13,641 13,887 14,317 14,643 14,791 14,941 14,861 14,884 15,184 15,238 15,311 15,331 15,362 15,480 16,559 16,418 16,359 12,727 12,662 12,527
Long-term Activity Ratio
Equity turnover1 0.85 0.82 0.78 0.73 0.67 0.66 0.66 0.69 0.74 0.74 0.75 0.76 0.76 0.75 0.73 0.66 0.65 0.64
Benchmarks
Equity Turnover, Competitors2
FedEx Corp. 3.56 3.47 3.58 3.55 3.67 3.78 3.70 3.71 3.84 3.92
Uber Technologies Inc. 2.40 1.21 1.07 0.90 0.79 0.91 1.35 1.37 1.26 1.00
Union Pacific Corp. 1.90 1.54 1.52 1.44 1.19 1.15 1.14 1.23 1.35 1.20
United Parcel Service Inc. 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: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Equity turnover = (Railway operating revenuesQ1 2022 + Railway operating revenuesQ4 2021 + Railway operating revenuesQ3 2021 + Railway operating revenuesQ2 2021) ÷ Stockholders’ equity
= (2,915 + 2,852 + 2,852 + 2,799) ÷ 13,461 = 0.85

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. Norfolk Southern Corp. equity turnover ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.