CSX Corporation (CSX)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,540,000 | 14,681,000 | 14,634,000 | 14,632,000 | 14,657,000 | 14,707,000 | 15,030,000 | 15,146,000 | 14,853,000 | 14,550,000 | 13,947,000 | 13,122,000 | 12,522,000 | 11,920,000 | 11,276,000 | 10,541,000 | 10,583,000 | 10,643,000 | 10,973,000 | 11,779,000 |
| Total current assets | US$ in thousands | 2,820,000 | 3,577,000 | 3,180,000 | 3,472,000 | 3,384,000 | 3,359,000 | 2,911,000 | 3,355,000 | 3,849,000 | 4,310,000 | 2,784,000 | 3,757,000 | 3,873,000 | 3,897,000 | 4,573,000 | 4,305,000 | 4,441,000 | 4,228,000 | 3,791,000 | 3,821,000 |
| Total current liabilities | US$ in thousands | 3,276,000 | 2,569,000 | 2,739,000 | 3,024,000 | 3,224,000 | 2,934,000 | 2,055,000 | 2,321,000 | 2,471,000 | 2,508,000 | 2,393,000 | 2,575,000 | 2,233,000 | 2,268,000 | 1,951,000 | 1,800,000 | 2,019,000 | 2,294,000 | 2,347,000 | 2,211,000 |
| Working capital turnover | — | 14.56 | 33.18 | 32.66 | 91.61 | 34.60 | 17.56 | 14.65 | 10.78 | 8.07 | 35.67 | 11.10 | 7.64 | 7.32 | 4.30 | 4.21 | 4.37 | 5.50 | 7.60 | 7.32 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,540,000K ÷ ($2,820,000K – $3,276,000K)
= —
The working capital turnover ratio for CSX Corporation has shown significant fluctuations over the periods provided. The ratio indicates the efficiency of the company in utilizing its working capital to generate sales revenue.
From March 31, 2020, to June 30, 2020, there was an increase from 7.32 to 7.60, suggesting an improvement in the company's ability to convert working capital into sales. However, the ratio dropped to 5.50 by September 30, 2020, and further declined to 4.37 by December 31, 2020, indicating a potential inefficiency in working capital management during these periods.
The ratio continued to decrease to 4.21 by March 31, 2021, and 4.30 by June 30, 2021, reflecting ongoing challenges in working capital turnover. There was a notable improvement in efficiency by September 30, 2021, and December 31, 2021, with ratios of 7.32 and 7.64, respectively.
The working capital turnover ratio saw a significant spike to 11.10 by March 31, 2022, showing a substantial increase in the company's ability to convert working capital into sales. This upward trend continued in the following periods, reaching 91.61 by December 31, 2023.
The ratio dropped to 32.66 by March 31, 2024, and stabilized around 30 in the subsequent quarters until December 31, 2024. The incomplete data for this period makes it challenging to draw definitive conclusions, but the trend suggests varying levels of efficiency in working capital turnover for CSX Corporation.
Peer comparison
Dec 31, 2024