Alpha Metallurgical Resources Inc (AMR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,471,420 | 4,101,590 | 2,258,690 | 1,416,190 | 2,001,280 |
| Receivables | US$ in thousands | 509,682 | 407,210 | 493,402 | 223,480 | 287,512 |
| Receivables turnover | 6.81 | 10.07 | 4.58 | 6.34 | 6.96 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,471,420K ÷ $509,682K
= 6.81
Alpha Metallurgical Resources Inc's receivables turnover has shown fluctuations over the past four years. In 2023, the company's receivables turnover was 6.81, which decreased from 10.07 in 2022. This decline suggests that the company took longer to collect its accounts receivable in 2023 compared to the previous year. Despite the decrease, the receivables turnover in 2023 was higher than in 2021 when it was 4.62. In 2020, the company had a receivables turnover of 9.72, indicating that it was more efficient in collecting its accounts receivable that year compared to 2023. Overall, the trend in receivables turnover suggests some variability in the company's ability to efficiently convert its accounts receivable into cash over the past four years.
Peer comparison
Dec 31, 2023