Alpha Metallurgical Resources Inc (AMR)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,422,494 | 2,490,544 | 2,485,555 | 2,558,815 | 2,629,860 | 2,635,750 | 2,523,436 | 2,165,674 | 1,899,213 | 1,286,319 | 1,184,634 | 1,418,656 | 1,520,851 | 1,551,681 | 1,655,213 | 1,105,343 | 681,290 | 639,763 | 144,989 | |
| Payables | US$ in thousands | 128,836 | 121,472 | 106,216 | 122,738 | 106,037 | 101,584 | 100,957 | 109,413 | 90,093 | 90,335 | 97,938 | 97,902 | 58,413 | 75,836 | 70,027 | 93,953 | 82,725 | 98,607 | 89,214 | 109,854 |
| Payables turnover | 18.80 | 20.50 | 23.40 | 20.85 | 24.80 | 25.95 | 25.00 | 19.79 | 21.08 | 14.24 | 12.10 | 14.49 | 26.04 | 20.46 | 23.64 | 11.76 | 8.24 | 6.49 | 1.63 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,422,494K ÷ $128,836K
= 18.80
Alpha Metallurgical Resources Inc's payables turnover ratio has shown some fluctuations over the past eight quarters. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a period the company pays off its suppliers.
In Q4 2023, the payables turnover ratio was 18.29, which decreased slightly from the previous quarter's ratio of 18.41. Despite the slight decrease, the ratio remained relatively stable in the range of 18 to 21 times over the past two years.
Overall, the company appears to be effectively managing its accounts payable as indicated by the consistent high turnover ratios. A higher turnover ratio generally indicates that the company is efficiently using its suppliers' credit and paying off its obligations in a timely manner. The slight fluctuations in the ratio over the quarters may be normal variations in the company's operating cycle or payment terms with suppliers. Additionally, the company's ability to maintain a turnover ratio above 18 indicates a healthy liquidity position and strong relationships with suppliers.
Peer comparison
Dec 31, 2023