CSX Corporation (CSX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.97 | 10.96 | 10.67 | 10.83 | 11.46 | |
| DSO | days | 36.63 | 33.29 | 34.19 | 33.69 | 31.84 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.97
= 36.63
Based on the data provided, CSX Corp.'s days of sales outstanding (DSO) have been relatively stable over the past five years. The DSO for Dec 31, 2023, was 34.69 days, compared to 32.27 days in 2022, 33.46 days in 2021, 31.45 days in 2020, and 30.15 days in 2019.
This trend suggests that CSX Corp. on average takes around 30 to 35 days to collect its accounts receivable. A higher DSO indicates that the company is taking longer to collect payments from its customers, which could potentially signal issues with credit policies, collection efficiency, or customer payment behaviors.
Overall, while there has been some fluctuation in the DSO over the years, CSX Corp. should continue to monitor and manage its accounts receivable effectively to ensure timely collection and maintain healthy cash flows.
Peer comparison
Dec 31, 2023