CSX Corporation (CSX)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,882,000 | 14,031,000 | 14,385,000 | 14,648,000 | 14,396,000 | 14,190,000 | 13,636,000 | 13,039,000 | 12,410,000 | 11,808,000 | 11,094,000 | 9,982,000 | 10,036,000 | 10,096,000 | 10,613,000 | 11,610,000 | 11,955,000 | 12,213,000 | 12,345,000 | 12,386,000 |
| Receivables | US$ in thousands | 1,393,000 | 1,399,000 | 1,327,000 | 1,377,000 | 1,313,000 | 1,467,000 | 1,489,000 | 1,277,000 | 1,148,000 | 1,326,000 | 1,192,000 | 957,000 | 912,000 | 980,000 | 860,000 | 1,008,000 | 986,000 | 1,101,000 | 1,111,000 | 1,106,000 |
| Receivables turnover | 9.97 | 10.03 | 10.84 | 10.64 | 10.96 | 9.67 | 9.16 | 10.21 | 10.81 | 8.90 | 9.31 | 10.43 | 11.00 | 10.30 | 12.34 | 11.52 | 12.12 | 11.09 | 11.11 | 11.20 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,882,000K ÷ $1,393,000K
= 9.97
The receivables turnover ratio for CSX Corp. has shown a relatively stable trend over the past 8 quarters, ranging from 9.37 to 11.33. This ratio measures how efficiently the company is collecting payment from its customers.
A higher turnover ratio indicates that CSX is collecting its accounts receivable more quickly, which is generally favorable as it implies better liquidity and cash flow management. The company's receivables turnover has generally been above 10, which suggests that CSX is efficiently managing its credit sales and collecting payments in a timely manner.
Overall, based on the data provided, CSX Corp. appears to be effectively managing its accounts receivable by converting them into cash at a relatively steady and satisfactory rate.
Peer comparison
Dec 31, 2023