Atlas Energy Solutions Inc. (AESI)
Payables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 707,571 | 534,945 | |||
| Payables | US$ in thousands | 124,770 | 103,763 | 102,072 | 60,882 | 57,520 |
| Payables turnover | 5.67 | 5.16 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $707,571K ÷ $124,770K
= 5.67
The payables turnover ratio for Atlas Energy Solutions Inc. has shown a consistent improvement over the past five quarters. In the latest quarter ending September 30, 2024, the payables turnover ratio was 5.67 compared to 5.16 in the previous quarter.
A higher payables turnover ratio indicates that the company is managing its accounts payable more efficiently by paying its suppliers more frequently within a shorter period. This could signify better working capital management, improved relationships with suppliers, or possibly negotiating better credit terms.
The increasing trend in the payables turnover ratio reflects positively on Atlas Energy Solutions Inc.'s ability to manage its payables effectively, potentially leading to improved cash flow, liquidity, and overall financial health. However, a thorough analysis of the company's payables management policies and strategies would provide more insights into its financial performance and efficiency in managing its working capital.
Peer comparison
Sep 30, 2024