CSX Corporation (CSX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,882,000 | 14,396,000 | 12,254,000 | 9,881,000 | 11,304,000 |
| Receivables | US$ in thousands | 1,393,000 | 1,313,000 | 1,148,000 | 912,000 | 986,000 |
| Receivables turnover | 9.97 | 10.96 | 10.67 | 10.83 | 11.46 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,882,000K ÷ $1,393,000K
= 9.97
The receivables turnover for CSX Corp. has shown a declining trend over the past five years. In 2019, the receivables turnover was at its highest at 12.11, indicating that the company was collecting its accounts receivable approximately 12 times during that year. Subsequently, there was a gradual decrease in the turnover ratio to 10.52 in 2023, suggesting a somewhat slower rate of collections compared to the previous years.
A lower receivables turnover ratio could imply that the company is taking longer to collect its accounts receivable, which may lead to cash flow challenges or potential issues with credit management. It is important for CSX Corp. to assess and potentially improve its accounts receivable collection process to ensure efficient cash flow management and overall financial health.
Peer comparison
Dec 31, 2023