Atlas Energy Solutions Inc. (AESI)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 848,548 | 707,571 | 534,945 |
| Payables | US$ in thousands | 119,018 | 124,770 | 103,763 |
| Payables turnover | 7.13 | 5.67 | 5.16 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $848,548K ÷ $119,018K
= 7.13
The payables turnover ratio of Atlas Energy Solutions Inc. has shown an increasing trend over the year 2024. In June 2024, the payables turnover stood at 5.16, indicating that the company paid off its accounts payable obligations approximately 5.16 times during that period. By September 2024, this ratio increased to 5.67, showing a more efficient management of payables.
Furthermore, by December 2024, the payables turnover ratio surged to 7.13, signaling a notable improvement in the company's ability to settle its accounts payable obligations promptly. This increase may suggest better cash flow management or enhanced negotiation with suppliers for favorable payment terms.
Overall, the rising trend in the payables turnover ratio reflects positively on Atlas Energy Solutions Inc.'s efficiency in managing its accounts payable and indicates a potentially healthy cash flow position and good working capital management practices within the organization. Nonetheless, it may be beneficial for the company to maintain this enhanced efficiency in payables management to support sustainable financial health.
Peer comparison
Dec 31, 2024