Norfolk Southern Corporation (NSC)
Receivables 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 | 11,497,000 | 11,776,000 | 11,514,000 | 11,280,000 | 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 |
| Receivables | US$ in thousands | 1,069,000 | 1,302,000 | 1,189,000 | 1,198,000 | 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 |
| Receivables turnover | 10.75 | 9.04 | 9.68 | 9.42 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $11,497,000K ÷ $1,069,000K
= 10.75
The receivables turnover ratio for Norfolk Southern Corporation has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio ranged from a high of 11.95 in March 2020 to a low of 9.04 in September 30, 2024.
The trend shows that the company was able to efficiently collect its receivables in the initial periods, with a slight decline in performance towards the latter half of the period. This is evidenced by the decreasing trend in the ratio from 11.95 in March 2020 to 9.04 in September 30, 2024.
Overall, the average receivables turnover ratio over the period under review indicates that Norfolk Southern Corporation took around 10 to 11 days, on average, to collect its accounts receivables. However, it is important to note the seasonality or specific business dynamics that may have influenced these fluctuations in the receivables turnover ratio.
Peer comparison
Dec 31, 2024
See also:
Norfolk Southern Corporation Receivables Turnover (Quarterly Data)