CSX Corporation (CSX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,540,000 | 14,657,000 | 14,853,000 | 12,522,000 | 10,583,000 |
| Total current assets | US$ in thousands | 2,820,000 | 3,384,000 | 3,849,000 | 3,873,000 | 4,441,000 |
| Total current liabilities | US$ in thousands | 3,276,000 | 3,224,000 | 2,471,000 | 2,233,000 | 2,019,000 |
| Working capital turnover | — | 91.61 | 10.78 | 7.64 | 4.37 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,540,000K ÷ ($2,820,000K – $3,276,000K)
= —
CSX Corporation's working capital turnover has shown a significant increase over the years, reflecting a trend of more efficient utilization of its working capital. From a ratio of 4.37 in December 31, 2020, the turnover increased to 7.64 in December 31, 2021, further improving to 10.78 in December 31, 2022. The most notable increase was seen in December 31, 2023, with a working capital turnover ratio of 91.61. This sharp rise suggests that CSX Corporation managed its working capital exceptionally efficiently that year. However, it's worth noting that the data for December 31, 2024 is missing, which may be due to various reasons such as incomplete reporting or informational gaps. Overall, the trend indicates improving efficiency in managing working capital, which can be beneficial for the company's financial health and operational performance.
Peer comparison
Dec 31, 2024