CSX Corporation (CSX)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,644,000 | 4,495,000 | 4,584,000 | 4,657,000 | 4,616,000 | 4,469,000 | 4,155,000 | 3,829,000 | 3,612,000 | 3,398,000 | 3,220,000 | 2,989,000 | 2,969,000 | 3,144,000 | 3,305,000 | 3,618,000 | 3,714,000 | 3,766,000 | 3,868,000 | 3,920,000 |
| Inventory | US$ in thousands | 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 | 261,000 | 235,000 | 222,000 | 241,000 |
| Inventory turnover | 10.41 | 10.53 | 10.74 | 11.82 | 13.54 | 12.24 | 10.96 | 10.91 | 10.65 | 11.21 | 11.14 | 10.03 | 9.83 | 12.43 | 13.43 | 14.08 | 14.23 | 16.03 | 17.42 | 16.27 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,644,000K ÷ $446,000K
= 10.41
Based on the data provided, CSX Corp.'s inventory turnover for all quarters is consistently reported as 0.00. This indicates a difficulty in converting inventory into sales during the periods analyzed. A low or zero inventory turnover ratio may reflect overstocking, obsolete inventory, poor sales, or ineffective inventory management strategies within the company. It also suggests potential liquidity and profitability challenges, as high levels of stagnant inventory tie up capital that could otherwise be invested or used for operational purposes. CSX Corp. may need to reassess its inventory management practices and adjust purchasing and sales strategies to improve efficiency and financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023