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CSX Corp. Message Board

  • patient_lt_investor patient_lt_investor Apr 16, 2013 6:25 PM Flag

    CSX Beats Street, Raises Profit, Raises Divvy by 7% and Projects 10-15% Growth!

    Only good news from CSX's quarterly report. (But I must admit that I don't understand what an operating ratio is). But I really like the part where CSX says that it "expects to produce average annual earnings-per-share growth of 10%-15% through 2015 off of the 2013 base." Now that I can understand.

    CSX expects to achieve operating ratio 'in the high 60s by 2015'
    Consistent with its current view of the economy, the changing coal market, and its proven ability to withstand a range of business conditions, CSX said that it now expects to achieve an operating ratio in the high 60s by 2015, while remaining focused on attaining a mid-60s operating ratio longer-term. At the same time, the company expects to produce average annual earnings-per-share growth of 10%-15% through 2015 off of the 2013 base, which is expected to be flat to down from prior-year levels.

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    • Operating ratio is the ratio of cost of goods sold plus operating expenses to net sales. It is generally expressed in percentage.

      Operating ratio measures the cost of operations per dollar of sales. This is closely related to the ratio of operating profit to net sales.

      The two basic components for the calculation of operating ratio are operating cost (cost of goods sold plus operating expenses) and net sales. Operating expenses normally include (a) administrative and office expenses and (b) selling and distribution expenses. Financial charges such as interest, provision for taxation etc. are generally excluded from operating expenses

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