Norfolk Southern (Norfolk Southern) Accounts Receivable

: $882 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. Norfolk Southern's accounts receivables for the quarter that ended in Dec. 2023 was $882 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Norfolk Southern's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Norfolk Southern's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-117.46.

Norfolk Southern Accounts Receivable Historical Data

The historical data trend for Norfolk Southern'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.

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Norfolk Southern Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

682.00

629.00

741.00

895.00

882.00

Norfolk Southern Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																895.00	919.00	818.00	1,210.00	882.00

Norfolk Southern Accounts Receivable Calculation

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

Norfolk Southern 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	882	/	3073	*	91
=	26.19

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

Norfolk Southern'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)
=	(1568	+	0.75 * 882	+	0.5 * 264	-	28871
-	0	-	0)	/	225.681
=	-117.46

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.

Norfolk Southern Accounts Receivable Related Terms

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Norfolk Southern (Norfolk Southern) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norfolk Southern Corp (NYSE:NSC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NSC:Mexico NFS:Germany NFS:Germany N1SC34:Brazil NSCO:Austria

Address

650 West Peachtree Street NW, Atlanta, GA, USA, 30308

Website

http://www.norfolksouthern.com

Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the firm hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

Executives

Phillip S Davidson	director	825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Francesca A. Debiase	director	MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET, CHICAGO IL 60607
Alan H. Shaw	officer: EVP & Chief Marketing Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Paul B Duncan	officer: EVP & Chief Operating Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
James A Squires	officer: Sr. V.P. - Law	650 W PEACHTREE ST NW, ATLANTA GA 30308
Steven F Leer	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Nabanita C Nag	officer: SVP and Chief Legal Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Claiborne L Moore	officer: Vice President and Controller	650 W PEACHTREE ST NW, ATLANTA GA 30308
Lorri J Kleine	officer: SVP & Chief Legal Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Claude E Elkins	officer: EVP & Chief Marketing Officer	650 W. PEACHTREE ST, NW, ATLANTA GA 30308
Allison Clyde H Jr	officer: Vice President and Controller	650 W PEACHTREE ST NW, ATLANTA GA 30308
Ann A Adams	officer: EVP-Chief Transform. Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Cynthia M Sanborn	officer: EVP & Chief Operating Officer	650 W PEACHTREE ST NW, ATLANTA GA 30308
Michael Joseph Wheeler	officer: Sr. Vice President Operations	THREE COMMERCIAL PLACE, 13TH FLOOR, NORFOLK VA 23510
Christopher T Jones	director	2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042