Norfolk Southern Corporation (NSC)
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 | 11,434,000 | 11,616,000 | 11,993,000 | 12,263,000 | 12,053,000 | 11,680,000 | 11,202,000 | 10,760,000 | 10,496,000 | 10,382,000 | 10,045,000 | 9,336,000 | 9,324,000 | 9,441,000 | 9,781,000 | 10,624,000 | 10,844,000 | 11,050,000 | 11,164,000 | 11,159,000 |
| Receivables | US$ in thousands | 1,147,000 | 1,210,000 | 1,089,000 | 1,170,000 | 1,148,000 | 1,151,000 | 1,208,000 | 1,070,000 | 976,000 | 945,000 | 941,000 | 944,000 | 848,000 | 883,000 | 822,000 | 889,000 | 920,000 | 973,000 | 1,039,000 | 1,048,000 |
| Receivables turnover | 9.97 | 9.60 | 11.01 | 10.48 | 10.50 | 10.15 | 9.27 | 10.06 | 10.75 | 10.99 | 10.67 | 9.89 | 11.00 | 10.69 | 11.90 | 11.95 | 11.79 | 11.36 | 10.74 | 10.65 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,434,000K ÷ $1,147,000K
= 9.97
The receivables turnover ratio for Norfolk Southern Corp. has shown variability over the past eight quarters. The ratio indicates how efficiently the company is managing its accounts receivable, with a higher ratio generally being favorable as it suggests the company is collecting payments more quickly.
In Q3 2023, the receivables turnover ratio was 10.18, showing a slight decrease from the previous quarter's ratio of 10.60. However, in Q2 2023 and Q1 2023, the ratio increased to 11.65 and 11.08, respectively, indicating improved efficiency in collecting payments from customers.
Comparing Q4 2023 to the same quarter in the previous year, we see a relatively stable performance with a ratio of 11.10 in Q4 2022. Over the past two years, the company has maintained a consistent range in its receivables turnover ratio, typically between 9.83 and 11.65, suggesting a relatively efficient management of accounts receivable during this period.
Overall, Norfolk Southern Corp. has demonstrated a relatively steady performance in terms of its receivables turnover, with some fluctuations from quarter to quarter but generally showing efficient management of accounts receivable.
Peer comparison
Dec 31, 2023
See also:
Norfolk Southern Corporation Receivables Turnover (Quarterly Data)