Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | CSX Corp. inventory turnover ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Receivables turnover | An activity ratio equal to revenue divided by receivables. | CSX Corp. receivables turnover ratio improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | CSX Corp. payables turnover ratio increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023. |
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | CSX Corp. working capital turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | CSX Corp. number of days of receivables outstanding improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | CSX Corp. operating cycle improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | |
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | CSX Corp. cash conversion cycle improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Inventory Turnover
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
Materials and supplies | 394) | 341) | 365) | 379) | 351) | 339) | 303) | 289) | 298) | 302) | 253) | 246) | 257) | 261) | 235) | 222) | 241) | 263) | 283) | 326) | 369) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Inventory turnover1 | 38.44 | 43.56 | 39.86 | 36.80 | 37.38 | 36.94 | 39.34 | 39.02 | 35.37 | 35.04 | 42.07 | 44.61 | 45.83 | 45.74 | 51.89 | 55.61 | 51.40 | 46.58 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 146.45 | 146.80 | 150.05 | 150.76 | 150.16 | 143.03 | 135.08 | 127.31 | 120.56 | 121.01 | 122.65 | 120.12 | 121.41 | 126.03 | — | — | — | — | — | — | — | |||||||
Union Pacific Corp. | 34.44 | 33.57 | 30.77 | 29.66 | 31.22 | 35.11 | 31.95 | 29.89 | 29.29 | 30.62 | 30.21 | 30.24 | 31.15 | 28.91 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Inventory turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Materials and supplies
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 394 = 38.44
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | CSX Corp. inventory turnover ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Receivables Turnover
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
Accounts receivable, net | 1,377) | 1,313) | 1,467) | 1,489) | 1,277) | 1,148) | 1,326) | 1,192) | 957) | 912) | 980) | 860) | 1,008) | 986) | 1,101) | 1,111) | 1,106) | 1,010) | 1,090) | 1,036) | 1,045) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Receivables turnover1 | 11.00 | 11.31 | 9.92 | 9.37 | 10.28 | 10.91 | 8.99 | 9.46 | 11.01 | 11.60 | 10.86 | 12.76 | 11.69 | 12.11 | 11.08 | 11.11 | 11.20 | 12.13 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 8.57 | 7.88 | 7.86 | 7.34 | 7.79 | 6.96 | 6.86 | 6.55 | 6.80 | 6.85 | 7.47 | 7.13 | 7.48 | 7.65 | — | — | — | — | — | — | — | |||||||
Uber Technologies Inc. | 13.16 | 11.47 | 11.77 | 10.39 | 8.65 | 7.16 | 11.13 | 10.67 | 10.04 | 10.38 | 15.58 | 21.59 | 20.93 | 11.65 | — | — | — | — | — | — | — | |||||||
Union Pacific Corp. | 12.82 | 13.15 | 11.90 | 11.42 | 11.57 | 12.66 | 12.63 | 12.34 | 11.99 | 12.98 | 12.53 | 14.55 | 12.91 | 13.61 | — | — | — | — | — | — | — | |||||||
United Parcel Service Inc. | 9.60 | 7.97 | 9.21 | 8.78 | 8.82 | 7.76 | 9.01 | 9.12 | 8.84 | 7.87 | 8.93 | 8.38 | 9.23 | 7.76 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Receivables turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Accounts receivable, net
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 1,377 = 11.00
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Receivables turnover | An activity ratio equal to revenue divided by receivables. | CSX Corp. receivables turnover ratio improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Payables Turnover
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
Accounts payable | 1,203) | 1,130) | 1,152) | 1,055) | 1,050) | 963) | 972) | 879) | 859) | 809) | 1,042) | 960) | 1,058) | 1,043) | 1,101) | 989) | 1,019) | 949) | 982) | 852) | 905) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Payables turnover1 | 12.59 | 13.14 | 12.63 | 13.22 | 12.50 | 13.00 | 12.26 | 12.83 | 12.27 | 13.08 | 10.21 | 11.43 | 11.13 | 11.44 | 11.08 | 12.48 | 12.16 | 12.91 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 22.74 | 23.20 | 21.90 | 21.37 | 22.67 | 21.86 | 19.74 | 20.02 | 21.41 | 21.17 | 21.82 | 21.07 | 21.92 | 23.00 | — | — | — | — | — | — | — | |||||||
Uber Technologies Inc. | 29.34 | 27.00 | 22.55 | 18.17 | 13.53 | 10.87 | 24.80 | 15.26 | 23.16 | 21.93 | 23.50 | 24.51 | 32.64 | 26.50 | — | — | — | — | — | — | — | |||||||
United Parcel Service Inc. | 15.69 | 13.36 | 15.02 | 13.96 | 14.04 | 12.93 | 14.65 | 14.09 | 14.20 | 13.11 | 14.32 | 14.68 | 15.69 | 13.34 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Payables turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Accounts payable
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 1,203 = 12.59
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | CSX Corp. payables turnover ratio increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023. |
Working Capital Turnover
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
Current assets | 3,355) | 3,849) | 4,310) | 2,784) | 3,757) | 3,873) | 3,897) | 4,573) | 4,305) | 4,441) | 4,228) | 3,791) | 3,821) | 3,278) | 3,960) | 3,186) | 3,479) | 2,565) | 2,784) | 2,881) | 3,542) | |||||||
Less: Current liabilities | 2,321) | 2,471) | 2,508) | 2,393) | 2,575) | 2,233) | 2,268) | 1,951) | 1,800) | 2,019) | 2,294) | 2,347) | 2,211) | 2,151) | 2,805) | 2,053) | 1,926) | 1,915) | 1,944) | 1,732) | 1,891) | |||||||
Working capital | 1,034) | 1,378) | 1,802) | 391) | 1,182) | 1,640) | 1,629) | 2,622) | 2,505) | 2,422) | 1,934) | 1,444) | 1,610) | 1,127) | 1,155) | 1,133) | 1,553) | 650) | 840) | 1,149) | 1,651) | |||||||
Revenue | 3,706) | 3,730) | 3,895) | 3,815) | 3,413) | 3,427) | 3,292) | 2,990) | 2,813) | 2,825) | 2,648) | 2,255) | 2,855) | 2,885) | 2,978) | 3,061) | 3,013) | 3,143) | 3,129) | 3,102) | 2,876) | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Working capital turnover1 | 14.65 | 10.78 | 8.07 | 35.67 | 11.10 | 7.64 | 7.32 | 4.30 | 4.21 | 4.37 | 5.50 | 7.60 | 7.32 | 10.59 | 10.56 | 10.90 | 7.98 | 18.85 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 16.22 | 15.35 | 16.74 | 13.05 | 13.06 | 12.13 | 9.67 | 8.17 | 9.27 | 11.46 | 31.44 | 26.10 | 22.61 | 17.11 | — | — | — | — | — | — | — | |||||||
Uber Technologies Inc. | 65.98 | 80.50 | 83.47 | — | 1,646.62 | — | 9.53 | 129.39 | 10.72 | 3.69 | 4.83 | 3.46 | 3.19 | 1.71 | — | — | — | — | — | — | — | |||||||
Union Pacific Corp. | — | — | — | — | — | — | — | — | — | 476.41 | 67.83 | — | — | — | — | — | — | — | — | — | — | |||||||
United Parcel Service Inc. | 18.10 | 24.61 | 14.61 | 12.16 | 11.27 | 13.21 | 12.81 | 14.87 | 19.13 | 26.45 | 17.95 | 19.57 | 21.16 | 43.84 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Working capital turnover
= (RevenueQ1 2023
+ RevenueQ4 2022
+ RevenueQ3 2022
+ RevenueQ2 2022)
÷ Working capital
= (3,706 + 3,730 + 3,895 + 3,815)
÷ 1,034 = 14.65
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Working capital turnover | An activity ratio calculated as revenue divided by working capital. | CSX Corp. working capital turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Average Inventory Processing Period
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||
Inventory turnover | 38.44 | 43.56 | 39.86 | 36.80 | 37.38 | 36.94 | 39.34 | 39.02 | 35.37 | 35.04 | 42.07 | 44.61 | 45.83 | 45.74 | 51.89 | 55.61 | 51.40 | 46.58 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
Average inventory processing period1 | 9 | 8 | 9 | 10 | 10 | 10 | 9 | 9 | 10 | 10 | 9 | 8 | 8 | 8 | 7 | 7 | 7 | 8 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||
Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | — | — | — | — | — | — | — | |||||||
Union Pacific Corp. | 11 | 11 | 12 | 12 | 12 | 10 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 38.44 = 9
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data | ||||||||||||||||||||||||||||
Receivables turnover | 11.00 | 11.31 | 9.92 | 9.37 | 10.28 | 10.91 | 8.99 | 9.46 | 11.01 | 11.60 | 10.86 | 12.76 | 11.69 | 12.11 | 11.08 | 11.11 | 11.20 | 12.13 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
Average receivable collection period1 | 33 | 32 | 37 | 39 | 36 | 33 | 41 | 39 | 33 | 31 | 34 | 29 | 31 | 30 | 33 | 33 | 33 | 30 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||
Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 43 | 46 | 46 | 50 | 47 | 52 | 53 | 56 | 54 | 53 | 49 | 51 | 49 | 48 | — | — | — | — | — | — | — | |||||||
Uber Technologies Inc. | 28 | 32 | 31 | 35 | 42 | 51 | 33 | 34 | 36 | 35 | 23 | 17 | 17 | 31 | — | — | — | — | — | — | — | |||||||
Union Pacific Corp. | 28 | 28 | 31 | 32 | 32 | 29 | 29 | 30 | 30 | 28 | 29 | 25 | 28 | 27 | — | — | — | — | — | — | — | |||||||
United Parcel Service Inc. | 38 | 46 | 40 | 42 | 41 | 47 | 40 | 40 | 41 | 46 | 41 | 44 | 40 | 47 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 11.00 = 33
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | CSX Corp. number of days of receivables outstanding improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Operating Cycle
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
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Selected Financial Data | ||||||||||||||||||||||||||||
Average inventory processing period | 9 | 8 | 9 | 10 | 10 | 10 | 9 | 9 | 10 | 10 | 9 | 8 | 8 | 8 | 7 | 7 | 7 | 8 | — | — | — | |||||||
Average receivable collection period | 33 | 32 | 37 | 39 | 36 | 33 | 41 | 39 | 33 | 31 | 34 | 29 | 31 | 30 | 33 | 33 | 33 | 30 | — | — | — | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Operating cycle1 | 42 | 40 | 46 | 49 | 46 | 43 | 50 | 48 | 43 | 41 | 43 | 37 | 39 | 38 | 40 | 40 | 40 | 38 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 45 | 48 | 48 | 52 | 49 | 55 | 56 | 59 | 57 | 56 | 52 | 54 | 52 | 51 | — | — | — | — | — | — | — | |||||||
Union Pacific Corp. | 39 | 39 | 43 | 44 | 44 | 39 | 40 | 42 | 42 | 40 | 41 | 37 | 40 | 40 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 9 + 33 = 42
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | CSX Corp. operating cycle improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |
Average Payables Payment Period
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
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Selected Financial Data | ||||||||||||||||||||||||||||
Payables turnover | 12.59 | 13.14 | 12.63 | 13.22 | 12.50 | 13.00 | 12.26 | 12.83 | 12.27 | 13.08 | 10.21 | 11.43 | 11.13 | 11.44 | 11.08 | 12.48 | 12.16 | 12.91 | — | — | — | |||||||
Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
Average payables payment period1 | 29 | 28 | 29 | 28 | 29 | 28 | 30 | 28 | 30 | 28 | 36 | 32 | 33 | 32 | 33 | 29 | 30 | 28 | — | — | — | |||||||
Benchmarks (no. days) | ||||||||||||||||||||||||||||
Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 16 | 16 | 17 | 17 | 16 | 17 | 18 | 18 | 17 | 17 | 17 | 17 | 17 | 16 | — | — | — | — | — | — | — | |||||||
Uber Technologies Inc. | 12 | 14 | 16 | 20 | 27 | 34 | 15 | 24 | 16 | 17 | 16 | 15 | 11 | 14 | — | — | — | — | — | — | — | |||||||
United Parcel Service Inc. | 23 | 27 | 24 | 26 | 26 | 28 | 25 | 26 | 26 | 28 | 25 | 25 | 23 | 27 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 12.59 = 29
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. |
Cash Conversion Cycle
Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
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Selected Financial Data | ||||||||||||||||||||||||||||
Average inventory processing period | 9 | 8 | 9 | 10 | 10 | 10 | 9 | 9 | 10 | 10 | 9 | 8 | 8 | 8 | 7 | 7 | 7 | 8 | — | — | — | |||||||
Average receivable collection period | 33 | 32 | 37 | 39 | 36 | 33 | 41 | 39 | 33 | 31 | 34 | 29 | 31 | 30 | 33 | 33 | 33 | 30 | — | — | — | |||||||
Average payables payment period | 29 | 28 | 29 | 28 | 29 | 28 | 30 | 28 | 30 | 28 | 36 | 32 | 33 | 32 | 33 | 29 | 30 | 28 | — | — | — | |||||||
Short-term Activity Ratio | ||||||||||||||||||||||||||||
Cash conversion cycle1 | 13 | 12 | 17 | 21 | 17 | 15 | 20 | 20 | 13 | 13 | 7 | 5 | 6 | 6 | 7 | 11 | 10 | 10 | — | — | — | |||||||
Benchmarks | ||||||||||||||||||||||||||||
Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||
FedEx Corp. | 29 | 32 | 31 | 35 | 33 | 38 | 38 | 41 | 40 | 39 | 35 | 37 | 35 | 35 | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 9 + 33 – 29 = 13
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | CSX Corp. cash conversion cycle improved from Q3 2022 to Q4 2022 but then slightly deteriorated from Q4 2022 to Q1 2023. |