Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

$22.49

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

Total Asset Turnover
since 2005

Microsoft Excel

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Norfolk Southern Corp., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The analysis of the financial data over the period from 2005 to 2021 reveals several notable trends concerning railway operating revenues, total assets, and total asset turnover.

Railway Operating Revenues
Revenues exhibited fluctuations throughout the years. Starting at 8,527 million USD in 2005, revenues increased gradually, peaking at 11,172 million USD in 2011. Subsequent years showed some volatility with revenues decreasing to 7,969 million USD in 2009, before recovering and stabilizing around 11,000 million USD for several years. Notably, revenues declined again in 2020 to 9,789 million USD, likely influenced by external factors, but showed signs of recovery in 2021, reaching 11,142 million USD.
Total Assets
Total assets displayed a consistent upward trajectory over the observed period. Beginning at 25,861 million USD in 2005, there was a steady increase year over year, reaching 38,493 million USD by 2021. This sustained growth indicates ongoing investment and asset accumulation, reflecting expansion or reinvestment strategies within the company’s operations.
Total Asset Turnover
The total asset turnover ratio, which measures efficiency in using assets to generate sales, fluctuated during the period. The ratio improved from 0.33 in 2005 to a peak of 0.41 in 2008, suggesting enhanced efficiency. However, from 2009 onwards, a general downward trend was observed, with the ratio declining to a low of 0.26 in 2020 before a modest recovery to 0.29 in 2021. This decline indicates that asset growth outpaced revenue generation during several years, reflecting potential challenges in asset utilization or revenue growth relative to asset base expansion.

In summary, while the company demonstrated a consistent increase in total assets, revenue growth was more volatile with some years of decline, particularly around the 2009 and 2020 periods. The decrease in asset turnover over much of the latter part of the period suggests a less efficient use of assets to generate revenue, possibly due to slower revenue growth relative to asset accumulation or operational challenges impacting productivity.


Comparison to Competitors

Norfolk Southern Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Transportation)

Norfolk Southern Corp., total asset turnover, long-term trends, comparison to sector (transportation)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Industrials)

Norfolk Southern Corp., total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).