CSX Corporation (CSX)
Payables 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 |
| Payables | US$ in thousands | 1,237,000 | 1,130,000 | 963,000 | 809,000 | 1,043,000 |
| Payables turnover | 3.75 | 4.09 | 3.75 | 3.67 | 3.56 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,644,000K ÷ $1,237,000K
= 3.75
Based on the data provided for CSX Corp.'s payables turnover ratio for the last five years, it appears that the ratio has consistently been reported as 0.00. A payables turnover ratio of 0.00 indicates that the company's payables are not being turned over during the year, which could suggest that the company is taking an extended period to pay its suppliers or that the company's payables amount is negligible compared to its purchases.
It is important to note that a payables turnover ratio of 0.00 may not provide meaningful insights into the efficiency of CSX Corp.'s payables management without additional information on the company's payment practices and industry norms. Further analysis and comparison with industry peers or historical data may be needed to assess the company's payables management effectively.
Peer comparison
Dec 31, 2023