Canadian National Railway Co (Canadian National Railway Co) Days Inventory

: 26.50 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Canadian National Railway Co's Average Total Inventories for the three months ended in Dec. 2023 was $542 Mil. Canadian National Railway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,866 Mil. Hence, Canadian National Railway Co's Days Inventory for the three months ended in Dec. 2023 was 26.50.

The historical rank and industry rank for Canadian National Railway Co's Days Inventory or its related term are showing as below:

CNI' s Days Inventory Range Over the Past 10 Years
Min: 15.56 Med: 22.75 Max: 27.71
Current: 27.71

During the past 13 years, Canadian National Railway Co's highest Days Inventory was 27.71. The lowest was 15.56. And the median was 22.75.

CNI's Days Inventory is ranked worse than
75.73% of 783 companies
in the Transportation industry
Industry Median: 11.57 vs CNI: 27.71

Canadian National Railway Co's Days Inventory increased from Dec. 2022 (25.61) to Dec. 2023 (26.50). It might indicate that Canadian National Railway Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian National Railway Co's Inventory Turnover for the three months ended in Dec. 2023 was 3.44.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Canadian National Railway Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

Canadian National Railway Co Days Inventory Historical Data

The historical data trend for Canadian National Railway Co's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 23.91 [6] => 26.70 [7] => 25.43 [8] => 24.75 [9] => 26.07 )

Canadian National Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

23.91

26.70

25.43

24.75

26.07

Canadian National Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																25.61	26.66	29.29	29.88	26.50

Competitive Comparison

For the Railroads subindustry, Canadian National Railway Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian National Railway Co Days Inventory Distribution

For the Transportation industry and Industrials sector, Canadian National Railway Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Days Inventory falls into.

Canadian National Railway Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Canadian National Railway Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (509.385	+	521.02)	/	2 )	/	7213.029	*	365
=	515.2025					/	7213.029	*	365
=	26.07

Canadian National Railway Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (562.412	+	521.02)	/	2 )	/	1865.683	*	365 / 4
=	541.716					/	1865.683	*	365 / 4
=	26.50

Canadian National Railway Co (NYSE:CNI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Canadian National Railway Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1865.683	/	541.716
	=	3.44

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Canadian National Railway Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	541.716	/	3332.588
	=	0.16

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Canadian National Railway Co Days Inventory Related Terms

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Canadian National Railway Co (Canadian National Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian National Railway Co (NYSE:CNI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CNI:Mexico CY2:Germany CY2:Germany CNR:Canada CNIC34:Brazil

Address

935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9

Website

https://www.cn.ca

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.