Canadian National Railway Co (Canadian National Railway Co) Days Payable

: 60.30 (As of Dec. 2023)

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Canadian National Railway Co's average Accounts Payable for the three months ended in Dec. 2023 was $1,233 Mil. Canadian National Railway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,866 Mil. Hence, Canadian National Railway Co's Days Payable for the three months ended in Dec. 2023 was 60.30.

The historical rank and industry rank for Canadian National Railway Co's Days Payable or its related term are showing as below:

CNI' s Days Payable Range Over the Past 10 Years
Min: 22.28 Med: 35.58 Max: 67.63
Current: 67.63

During the past 13 years, Canadian National Railway Co's highest Days Payable was 67.63. The lowest was 22.28. And the median was 35.58.

CNI's Days Payable is ranked better than
73.55% of 934 companies
in the Transportation industry
Industry Median: 39.565 vs CNI: 67.63

Canadian National Railway Co's Days Payable declined from Dec. 2022 (64.72) to Dec. 2023 (60.30). It may suggest that Canadian National Railway Co accelerated paying its suppliers.

Canadian National Railway Co Days Payable Historical Data

The historical data trend for Canadian National Railway Co's Days Payable 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.

Canadian National Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

37.78

36.79

36.52

35.94

36.02

Canadian National Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																64.72	59.31	90.21	93.59	60.30

Competitive Comparison

For the Railroads subindustry, Canadian National Railway Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian National Railway Co Days Payable Distribution

For the Transportation industry and Industrials sector, Canadian National Railway Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Days Payable falls into.

Canadian National Railway Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Canadian National Railway Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (702.245	+	721.527)	/	2 )	/	7213.029	*	365
=	711.886					/	7213.029	*	365
=	36.02

Canadian National Railway Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1744.143	+	721.527)	/	2 )	/	1865.683	*	365 / 4
=	1232.835					/	1865.683	*	365 / 4
=	60.30

Canadian National Railway Co Days Payable Related Terms

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Canadian National Railway Co (Canadian National Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian National Railway Co (NYSE:CNI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CNI:Mexico CY2:Germany 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 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.