Alpha Metallurgical Resources Inc (AMR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,471,417 | 3,334,874 | 3,462,822 | 3,940,861 | 4,101,586 | 4,106,455 | 3,885,528 | 2,944,393 | 2,258,686 | 1,754,220 | 1,440,971 | 1,399,636 | 1,416,187 | 1,591,412 | 1,781,684 | 2,083,950 | 2,290,260 | 2,363,268 | 2,285,275 |
| Receivables | US$ in thousands | 509,682 | 432,401 | 432,014 | 546,252 | 407,210 | 503,623 | 733,894 | 636,152 | 493,402 | 335,287 | 206,693 | 214,342 | 223,480 | 179,671 | 183,820 | 245,377 | 287,512 | 259,931 | 280,025 |
| Receivables turnover | 6.81 | 7.71 | 8.02 | 7.21 | 10.07 | 8.15 | 5.29 | 4.63 | 4.58 | 5.23 | 6.97 | 6.53 | 6.34 | 8.86 | 9.69 | 8.49 | 7.97 | 9.09 | 8.16 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,471,417K ÷ $509,682K
= 6.81
The receivables turnover ratio measures how many times a company collects its average accounts receivable balance during a specific period. A higher receivables turnover ratio indicates that the company efficiently collects payments from its customers.
Looking at the trend of Alpha Metallurgical Resources Inc's receivables turnover over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the receivables turnover ratio was 6.81, a slight decrease from the previous quarter but still within a reasonable range. This suggests that the company collected its accounts receivable approximately 6.81 times during the quarter.
The highest receivables turnover ratio was recorded in Q4 2022 at 10.07, indicating a peak in efficient collection of accounts receivable during that period. However, there was a notable decline in Q1 2022 and Q2 2022, with ratios of 4.63 and 5.38, respectively, possibly indicating difficulties in collecting receivables during those quarters.
Overall, Alpha Metallurgical Resources Inc's receivables turnover has shown some variability over the past quarters, with fluctuations that may be influenced by changes in company policies, market conditions, or customer payment behaviors. Further analysis of the factors affecting the receivables turnover ratio could provide insights into the company's credit management and financial performance.
Peer comparison
Dec 31, 2023