CSX Corporation (CSX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 22.20 | 22.24 | 22.18 | 20.42 | 20.47 | 21.28 | 21.42 | 23.25 | 26.59 | 24.18 | 22.16 | 22.29 | 21.77 | 22.79 | 22.47 | 20.99 | 20.60 | 25.16 | 26.74 | 26.95 | |
| DOH | days | 16.44 | 16.41 | 16.46 | 17.88 | 17.83 | 17.15 | 17.04 | 15.70 | 13.73 | 15.09 | 16.47 | 16.37 | 16.77 | 16.02 | 16.24 | 17.39 | 17.72 | 14.51 | 13.65 | 13.54 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 22.20
= 16.44
The days of inventory on hand (DOH) for CSX Corporation has shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2024, the DOH ranged from a low of 13.54 days to a high of 17.88 days. This metric indicates how many days it takes for the company to sell its inventory, with lower values generally preferred as they signify efficient inventory management.
There was a notable increase in DOH from December 31, 2020, to March 31, 2021, followed by a gradual decline in the subsequent quarters. The DOH stayed relatively stable around the range of 16 to 17 days from June 30, 2021, to June 30, 2024, with some minor fluctuations.
Overall, the trend suggests that CSX Corporation has managed its inventory levels reasonably well, aiming to balance between having enough inventory to meet demand and minimizing excess stock that could tie up capital. Monitoring the DOH over time can provide insight into the company's inventory management efficiency and potential operational improvements.
Peer comparison
Dec 31, 2024
See also:
CSX Corporation Average Inventory Processing Period (Quarterly Data)