CSX Corporation (CSX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,198,000 | 9,130,000 | 9,068,000 | 7,382,000 | 6,221,000 |
| Inventory | US$ in thousands | 414,000 | 446,000 | 341,000 | 339,000 | 302,000 |
| Inventory turnover | 22.22 | 20.47 | 26.59 | 21.78 | 20.60 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,198,000K ÷ $414,000K
= 22.22
CSX Corporation's inventory turnover has shown a positive trend over the past five years. The inventory turnover ratio has increased from 20.60 in December 31, 2020, to 22.22 in December 31, 2024, indicating that the company is managing its inventory more efficiently.
The highest inventory turnover ratio was recorded on December 31, 2022, at 26.59, which suggests that CSX Corporation was able to sell and replace its inventory 26.59 times during that year. This signifies strong sales performance and effective inventory management practices.
On the other hand, there was a slight dip in the inventory turnover ratio in December 31, 2023, dropping to 20.47. However, despite this decrease, the company maintained a relatively high inventory turnover ratio compared to the starting point in December 31, 2020.
Overall, the increasing trend in inventory turnover ratios reflects CSX Corporation's ability to efficiently manage its inventory levels, adapt to changes in demand, and optimize its working capital.
Peer comparison
Dec 31, 2024