Norfolk Southern Corporation (NSC)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 12,123,000 11,434,000 12,053,000 10,496,000 9,164,000
Total current assets US$ in thousands 3,188,000 3,271,000 2,007,000 2,167,000 2,318,000
Total current liabilities US$ in thousands 3,545,000 2,632,000 2,649,000 2,521,000 2,160,000
Working capital turnover 17.89 58.00

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,123,000K ÷ ($3,188,000K – $3,545,000K)
= —

The working capital turnover ratio for Norfolk Southern Corporation presents a fluctuating trend over the years. In 2020, the ratio stood at a robust 58.00, indicating that the company efficiently utilized its working capital to generate revenue during that period. However, there is missing data for 2021 and 2022, making it challenging to assess the company's performance accurately during those years.

In 2023, the working capital turnover ratio dropped significantly to 17.89, suggesting a potential decrease in efficiency in utilizing working capital to generate revenue compared to the previous years. This decline could indicate issues such as inefficient working capital management or lower revenue generation relative to the working capital investment.

With missing data for 2024, it is unclear how the working capital turnover ratio evolved further after the decline in 2023. Overall, the trend in the working capital turnover ratio for Norfolk Southern Corporation reflects some inconsistency and warrants close monitoring to identify underlying factors influencing the company's working capital efficiency and financial performance.


Peer comparison

Dec 31, 2024

Company name
Symbol
Working capital turnover
Norfolk Southern Corporation
NSC
CSX Corporation
CSX
86.76
Union Pacific Corporation
UNP

See also:

Norfolk Southern Corporation Working Capital Turnover