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