CSX (CSX) Inventory Turnover

: 5.42 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. CSX's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,368 Mil. CSX's Average Total Inventories for the quarter that ended in Dec. 2023 was $437 Mil. CSX's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSX's Days Inventory for the three months ended in Dec. 2023 was 16.82.

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. CSX's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

CSX Inventory Turnover Historical Data

The historical data trend for CSX's Inventory Turnover 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.

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CSX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

27.19

22.22

23.03

26.67

23.20

CSX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																6.59	6.12	5.43	5.35	5.42

CSX Inventory Turnover Calculation

CSX's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9130	/ (	(341	+	446)	/	2 )
=	9130	/	393.5
=	23.20

CSX's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2368	/ (	(427	+	446)	/	2 )
=	2368	/	436.5
=	5.42

CSX (NAS:CSX) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

CSX's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	436.5	/	2368	*	365 / 4
	=	16.82

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.

CSX's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	436.5	/	3680
	=	0.12

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

CSX Inventory Turnover Related Terms

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CSX (CSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CSX Corp (NAS:CSX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CSX:Mexico CXR:Germany CXR:Germany CSXC34:Brazil

Address

500 Water Street, 15th Floor, Jacksonville, FL, USA, 32202

Website

https://www.csx.com

Operating in the Eastern United States, Class I railroad CSX generated revenue near $14.8 billion in 2022. On its more than 21,000 miles of track, CSX hauls shipments of coal (16% of consolidated revenue), chemicals (17%), intermodal containers (16%), automotive cargo (7%), and a diverse mix of other bulk and industrial merchandise.

Executives

Michael A. Cory	officer: EVP & COO	500 WATER STREET, JACKSONVILLE FL 32202
Joseph R Hinrichs	director, officer: President & CEO	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
John J Zillmer	director	ARAMARK CORP, 1101 MARKET ST, PHILADELPHIA PA 19107
James L Wainscott	director	C/O AK STEEL HOLDING CORP, 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Stephen Fortune	officer: EVP - CD&TO	500 WATER STREET, JACKSONVILLE FL 32202
Nathan D Goldman	officer: EVP & CLO	500 WATER STREET, JACKSONVILLE FL 32202
Angela C Williams	officer: VP & Controller	500 WATER STREET, JACKSONVILLE FL 32202
Mark Kenneth Wallace	officer: EVP - Corporate Affairs	7550 OGDEN DALE ROAD S.E., CALGARY A0 T2C 4X9
Sean R. Pelkey	officer: VP & Acting CFO	500 WATER STREET, JACKSONVILLE FL 32202
David M Moffett	director	C/O PAYPAL HOLDINGS INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Diana B Sorfleet	officer: EVP & CAO	500 WATER STREET, JACKSONVILLE FL 32202
Thomas Bostick	director	20374 SENECA MEADOWS PARKWAY, GERMANTOWN MD 20876
Kevin S. Boone	officer: VP & Interim CFO	500 WATER STREET, JACKSONVILLE FL 32202
James M Foote	officer: EVP & COO	GATX CORP, 500 WEST MONROE STREET, CHICAGO IL 60661
Paul C Hilal	director	MANTLE RIDGE, L.P., 712 FIFTH AVENUE, SUITE 17F, NEW YORK NY 10019