CSX Corporation (CSX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.75 | 4.09 | 3.75 | 3.67 | 3.56 | |
| Number of days of payables | days | 97.22 | 89.20 | 97.31 | 99.46 | 102.50 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.75
= 97.22
To calculate CSX Corp.'s number of days of payables, we would need the specific values of payables for each of the respective years provided. This metric is calculated by dividing the average accounts payable by the cost of goods sold and then multiplying by 365. It signifies the number of days a company takes to pay its suppliers.
Without the concrete numerical data for payables, it is not possible to compute the number of days of payables for CSX Corp. across the specified years. It is crucial to have access to the accounts payable figures from the financial statements to accurately assess the company's payment practices and liquidity management.
Peer comparison
Dec 31, 2023