CSX (CSX) Accounts Receivable

: $1,029 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CSX's accounts receivables for the quarter that ended in Dec. 2023 was $1,029 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CSX's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 25.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CSX's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-14.22.

CSX Accounts Receivable Historical Data

The historical data trend for CSX's Accounts Receivable 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.

CSX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

769.00

700.00

937.00

1,051.00

1,029.00

CSX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																1,051.00	1,039.00	1,003.00	1,027.00	1,029.00

CSX Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

CSX Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

CSX's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1029	/	3680	*	91
=	25.52

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), CSX's accounts receivable are only considered to be worth 75% of book value:

CSX's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1436	+	0.75 * 1029	+	0.5 * 446	-	30275
-	0	-	5)	/	1958.43
=	-14.22

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

CSX Accounts Receivable Related Terms

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CSX (CSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CSX Corp (NAS:CSX) » Definitions » Accounts Receivable

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