Norfolk Southern Corporation (NSC)
Working capital 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 |
| Total current assets | US$ in thousands | 3,188,000 | 2,690,000 | 2,304,000 | 2,356,000 | 3,271,000 | 3,142,000 | 2,031,000 | 2,122,000 | 2,007,000 | 2,715,000 | 2,857,000 | 3,015,000 | 2,167,000 | 2,722,000 | 3,012,000 | 2,303,000 | 2,318,000 | 2,579,000 | 2,350,000 | 2,002,000 |
| Total current liabilities | US$ in thousands | 3,545,000 | 3,677,000 | 3,667,000 | 3,447,000 | 2,632,000 | 2,914,000 | 2,986,000 | 2,824,000 | 2,649,000 | 2,798,000 | 2,609,000 | 3,147,000 | 2,521,000 | 2,410,000 | 2,796,000 | 2,249,000 | 2,160,000 | 2,005,000 | 1,935,000 | 2,236,000 |
| Working capital turnover | — | — | — | — | 17.89 | 50.95 | — | — | — | — | 45.17 | — | — | 33.28 | 46.50 | 172.89 | 59.01 | 16.45 | 23.57 | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,497,000K ÷ ($3,188,000K – $3,545,000K)
= —
The working capital turnover of Norfolk Southern Corporation has experienced fluctuations over the past few years based on the provided data. The ratio provides insight into how efficiently the company utilizes its working capital to generate sales revenue.
On June 30, 2020, the working capital turnover was 23.57, indicating that for every dollar of working capital, the company generated $23.57 in revenue. This ratio improved substantially by March 31, 2021, reaching 172.89, suggesting a significant increase in efficiency in utilizing working capital to drive sales.
Subsequently, the ratio decreased to 46.50 by June 30, 2021, but remained relatively stable around the 30s range in the following quarters, indicating consistent performance in utilizing working capital efficiently.
However, there were periods where the working capital turnover was not provided (indicated by "—"), which limits the comprehensive analysis of the trend. It is important to note that a higher working capital turnover ratio generally indicates better efficiency in managing working capital.
Overall, Norfolk Southern Corporation has shown fluctuations in its working capital turnover, with some periods reflecting high efficiency in generating sales revenue compared to others. Continued monitoring of this ratio is essential to ensure optimal utilization of working capital for revenue generation.
Peer comparison
Dec 31, 2024
See also:
Norfolk Southern Corporation Working Capital Turnover (Quarterly Data)