CSX Corporation (CSX)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,644,000 | 4,624,000 | 3,612,000 | 2,969,000 | 3,714,000 |
| Inventory | US$ in thousands | 446,000 | 341,000 | 339,000 | 302,000 | 261,000 |
| Inventory turnover | 10.41 | 13.56 | 10.65 | 9.83 | 14.23 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,644,000K ÷ $446,000K
= 10.41
The inventory turnover ratio of CSX Corp. has been reported as 0.00 for the past five years consecutively from 2019 to 2023. This indicates that the company is not effectively managing its inventory levels or is possibly holding onto excess inventory. A consistently low or zero inventory turnover ratio may suggest potential issues such as slow-moving inventory, overstocking, obsolete inventory, or inefficient inventory management practices. It could also signal that the company is facing challenges in converting its inventory into sales within a given period. CSX Corp. might benefit from implementing better inventory management strategies to improve its operational efficiency and financial performance in the future.
Peer comparison
Dec 31, 2023