Alpha Metallurgical Resources Inc (AMR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.20 | 24.80 | 21.08 | 28.66 | 26.61 | |
| Number of days of payables | days | 19.01 | 14.72 | 17.32 | 12.74 | 13.72 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.20
= 19.01
Alpha Metallurgical Resources Inc experienced an increase in its number of days of payables from 16.64 days in 2020 to 19.96 days in 2023. This indicates that the company took longer to pay its suppliers or trade payables in 2023 compared to the previous years. The trend fluctuated over the years, with a peak in 2021 at 19.58 days. The increase in the number of days of payables may suggest a potential strain on the company's working capital management or a change in payment terms with suppliers. Further analysis of the company's cash flow and liquidity position would be needed to assess the impact of this trend on its overall financial health.
Peer comparison
Dec 31, 2023