CNI (Canadian National Railway Co) Inventory Turnover: 3.35 (As of Mar. 2026)

What is Canadian National Railway Co Inventory Turnover?

Canadian National Railway Co CNI +0.08% 90 Inventory Turnover is 3.35 as of Mar. 2026. GuruFocus rates CNI with a GF Score™ of 90/100 and a GF Value™ of $114.21 (Fairly Valued). The stock has 8 warning signs investors should review.

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. Canadian National Railway Co's Cost of Goods Sold for the three months ended in Mar. 2026 was $1,907 Mil. Canadian National Railway Co's Average Total Inventories for the quarter that ended in Mar. 2026 was $569 Mil. Canadian National Railway Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 3.35.

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 three months ended in Mar. 2026 was 27.23.

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 quarter that ended in Mar. 2026 was 0.18.

Canadian National Railway Co (NYSE:CNI) 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.

Canadian National Railway Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	568.881	/	1906.706	*	365 / 4
	=	27.23

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 quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	568.881	/	3191.691
	=	0.18

* 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.

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.

Canadian National Railway Co Inventory Turnover Related Terms

Canadian National Railway Co Inventory Turnover Historical Data

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

Canadian National Railway Co Inventory Turnover Chart

Canadian National Railway Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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14.35

14.75

14.00

13.79

13.94

Canadian National Railway Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															3.42	3.08	2.98	3.31	3.35

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Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Canadian National Railway Co Inventory Turnover Calculation

Canadian National Railway Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	7228.706	/ (	(505.37	+	532.077)	/	2 )
=	7228.706	/	518.7235
=	13.94

Canadian National Railway Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	1906.706	/ (	(532.077	+	605.685)	/	2 )
=	1906.706	/	568.881
=	3.35

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 3.35 mean?

Canadian National Railway Co (CNI) has a Inventory Turnover of 3.35 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canadian National Railway Co and its competitors.

Is Canadian National Railway Co's Inventory Turnover too high?

Canadian National Railway Co's current Inventory Turnover is 3.35. Overall, Canadian National Railway Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Canadian National Railway Co's Inventory Turnover compare to UNP and CSX?

Canadian National Railway Co's Inventory Turnover of 3.35 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Transportation company?

A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Canadian National Railway Co and its competitors. Canadian National Railway Co's current Inventory Turnover is 3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canadian National Railway Co stock overvalued right now?

Based on GuruFocus' analysis, Canadian National Railway Co (CNI) is currently considered Fairly Valued. The stock's GF Value™ is $114.21, compared to a current price of $121.66 — trading 6.5% above its estimated fair value. The current Inventory Turnover is 3.35. Canadian National Railway Co's overall GF Score™ is 90/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Canadian National Railway Co (CNI), the current Inventory Turnover is 3.35 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian National Railway Co (CNI) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian National Railway Co stock appears to be overvalued. The current stock price of $121.66 is trading 6.5% above its estimated GF Value™ of $114.21. GuruFocus considers Canadian National Railway Co to be Fairly Valued.

Key valuation signals for CNI:

Inventory Turnover: 3.35
GF Value™: $114.21 vs. price of $121.66 (6.5% above fair value)
GF Score™: 90/100 with 8 warning signs

No single metric tells the full story. See the CNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Canadian National Railway Co Business Description

Industry Industrials Transportation

Comparable Companies TSX:CP TSX:KLS UNP CSX NSC WAB SHSE:601816 HKSE:00066 TSE:9020 HKSE:01766 TSE:9022 SHSE:601006 XKRX:064350 XPAR:GET HKSE:03898 XPAR:ALO TSE:9021 HKSE:03969 TSE:9023 ASX:AZJ

Other Exchanges CNI N:Mexico 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 2025, CN generated CAD 17.7 billion in revenue by hauling intermodal containers (22% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (23%), forest products (10%), metals and minerals (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.

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$121.66

Price

$114.21

GF Value

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