Norfolk Southern Corporation (NSC)
Inventory 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 | 4,055,000 | 4,021,000 | 4,138,000 | 4,206,000 | 4,133,000 | 3,941,000 | 3,641,000 | 3,434,000 | 3,295,000 | 3,189,000 | 3,075,000 | 2,927,000 | 2,936,000 | 3,119,000 | 3,320,000 | 3,626,000 | 3,806,000 | 4,139,000 | 4,232,000 | 4,237,000 |
| Inventory | US$ in thousands | 264,000 | 303,000 | 272,000 | 262,000 | 253,000 | 276,000 | 289,000 | 264,000 | 218,000 | 235,000 | 246,000 | 241,000 | 221,000 | 247,000 | 257,000 | 265,000 | 244,000 | 266,000 | 256,000 | 228,000 |
| Inventory turnover | 15.36 | 13.27 | 15.21 | 16.05 | 16.34 | 14.28 | 12.60 | 13.01 | 15.11 | 13.57 | 12.50 | 12.15 | 13.29 | 12.63 | 12.92 | 13.68 | 15.60 | 15.56 | 16.53 | 18.58 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,055,000K ÷ $264,000K
= 15.36
Based on the data provided for Norfolk Southern Corp., the inventory turnover ratio for all quarters shown is reported as 0.00. A consistent inventory turnover ratio of 0.00 indicates that the company is not selling its inventory within the time period covered by each quarter.
This extremely low inventory turnover ratio could suggest various issues, such as overstocking, slow-moving inventory, pricing problems, or inefficiencies in the company's supply chain or sales operations. It may also indicate potential challenges in accurately managing inventory levels or responding to shifts in demand.
Overall, a persistently low inventory turnover ratio may signify potential liquidity concerns, operational inefficiencies, and the need for the company to reassess its inventory management strategies to improve its overall financial performance and operational effectiveness.
Peer comparison
Dec 31, 2023
Dec 31, 2023
See also:
Norfolk Southern Corporation Inventory Turnover (Quarterly Data)