CSX Corporation (CSX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 22.22 | 20.47 | 26.59 | 21.78 | 20.60 | |
| DOH | days | 16.43 | 17.83 | 13.73 | 16.76 | 17.72 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 22.22
= 16.43
The days of inventory on hand (DOH) for CSX Corporation have shown fluctuations over the period from December 31, 2020, to December 31, 2024.
In December 2020, the DOH was 17.72 days, indicating that, on average, CSX held inventory that would last approximately 17.72 days. By December 2021, the DOH decreased to 16.76 days, suggesting an improvement in inventory management efficiency as the company held inventory for a slightly shorter period.
The trend continued in December 2022, with a further reduction in DOH to 13.73 days, reflecting more effective inventory control practices. However, by December 2023, the DOH increased to 17.83 days, indicating a potential buildup of inventory that could be a concern if not managed effectively.
In the most recent year, December 2024, the DOH decreased to 16.43 days, although still slightly higher than the levels seen in 2022. This suggests that CSX Corporation may be actively working on optimizing its inventory levels to ensure efficient use of resources.
Overall, while there have been fluctuations in the days of inventory on hand for CSX Corporation, it is essential for the company to monitor and manage its inventory levels effectively to maintain operational efficiency and reduce carrying costs.
Peer comparison
Dec 31, 2024