CSX Corporation (CSX)
Payables 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 |
| Payables | US$ in thousands | 1,237,000 | 1,201,000 | 1,120,000 | 1,203,000 | 1,130,000 | 1,152,000 | 1,055,000 | 1,050,000 | 963,000 | 972,000 | 879,000 | 859,000 | 809,000 | 1,042,000 | 960,000 | 1,058,000 | 1,043,000 | 1,101,000 | 989,000 | 1,019,000 |
| Payables turnover | 3.75 | 3.74 | 4.09 | 3.87 | 4.08 | 3.88 | 3.94 | 3.65 | 3.75 | 3.50 | 3.66 | 3.48 | 3.67 | 3.02 | 3.44 | 3.42 | 3.56 | 3.42 | 3.91 | 3.85 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,644,000K ÷ $1,237,000K
= 3.75
Based on the data provided, CSX Corp.'s payables turnover ratio has consistently been calculated as 0.00 over the past eight quarters. This indicates that the company is not efficiently managing its accounts payable. A low or decreasing payables turnover ratio may suggest that the company is taking longer to pay its suppliers, which could lead to strained relationships or potential liquidity issues in the future. It is important for the company to closely monitor and improve its payables turnover ratio to ensure timely and effective management of its accounts payable.
Peer comparison
Dec 31, 2023
Company name
Symbol
Payables turnover
CSX Corporation
CSX
3.75
Norfolk Southern Corporation
NSC
2.48
Union Pacific Corporation
UNP
11.91