Alpha Metallurgical Resources Inc (AMR)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,474,000 | 2,629,860 | 1,899,150 | 1,673,910 | 2,201,240 |
| Payables | US$ in thousands | 128,836 | 106,037 | 90,093 | 58,413 | 82,725 |
| Payables turnover | 19.20 | 24.80 | 21.08 | 28.66 | 26.61 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,474,000K ÷ $128,836K
= 19.20
Alpha Metallurgical Resources Inc's payables turnover ratio has shown some fluctuations over the past four years. In 2023, the payables turnover ratio decreased to 18.29 from 21.56 in 2022. This indicates that the company took longer to pay off its suppliers compared to the previous year. Similarly, in 2021, the payables turnover ratio was 18.65, showing a slight decrease from 21.93 in 2020. Overall, the downward trend in the payables turnover ratio suggests that the company may be taking a longer time to settle its payables relative to its cost of goods sold. This could have implications for liquidity management and vendor relationships. Further analysis of the company's payables processes and vendor management may be warranted to address these trends.
Peer comparison
Dec 31, 2023