CSX Corporation (CSX)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,189,000 | 9,229,000 | 9,248,000 | 9,208,000 | 9,130,000 | 9,088,000 | 9,148,000 | 9,160,000 | 9,068,000 | 8,827,000 | 8,400,000 | 7,825,000 | 7,379,000 | 6,904,000 | 6,495,000 | 6,256,000 | 6,221,000 | 6,366,000 | 6,577,000 | 6,927,000 |
| Inventory | US$ in thousands | 414,000 | 415,000 | 417,000 | 451,000 | 446,000 | 427,000 | 427,000 | 394,000 | 341,000 | 365,000 | 379,000 | 351,000 | 339,000 | 303,000 | 289,000 | 298,000 | 302,000 | 253,000 | 246,000 | 257,000 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,189,000K ÷ $414,000K
= 22.20
CSX Corporation's inventory turnover ratio indicates how efficiently the company is managing its inventory. The inventory turnover figures for CSX Corporation show some fluctuations over the reporting periods.
The inventory turnover ratio ranged from a high of 26.95 on March 31, 2020, to a low of 20.42 on March 31, 2024. Generally, a higher inventory turnover ratio is considered better as it suggests that the company is selling its inventory quickly.
It is worth noting that CSX Corporation's inventory turnover ratio has fluctuated within a relatively narrow range, indicating consistent management of inventory levels. However, the slight decline in the ratio over the years could suggest potential inefficiencies in managing inventory.
Further analysis and comparison with industry benchmarks may provide more insights into the effectiveness of CSX Corporation's inventory management practices.
Peer comparison
Dec 31, 2024
Dec 31, 2024