Norfolk Southern Corporation (NSC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 2.48 | 2.68 | 2.92 | 3.20 | 3.20 | 2.65 | 2.78 | 2.91 | 2.44 | 2.67 | 2.76 | 2.81 | 2.89 | 2.45 | 2.62 | 2.82 | 2.67 | 2.94 | 3.01 | 3.18 | |
| Number of days of payables | days | 147.44 | 136.07 | 124.90 | 114.12 | 114.19 | 137.63 | 131.12 | 125.53 | 149.66 | 136.89 | 132.47 | 130.06 | 126.31 | 148.97 | 139.40 | 129.25 | 136.95 | 124.08 | 121.35 | 114.92 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 2.48
= 147.44
The data provided does not allow for the calculation of Norfolk Southern Corp.'s number of days of payables ratio. In order to compute this ratio, we would need the accounts payable balance and cost of goods sold figures for each quarter. The number of days of payables ratio reflects the average number of days it takes a company to pay its suppliers. This ratio is essential in assessing the company's liquidity and efficiency in managing its payables.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Norfolk Southern Corporation
NSC
147.44
CSX Corporation
CSX
97.22
Union Pacific Corporation
UNP
30.65
See also:
Norfolk Southern Corporation Average Payables Payment Period (Quarterly Data)