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 Mar 31, 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 509,682 432,401 432,014 546,252 407,210 503,623 733,894 636,152 493,402 335,287 206,693 214,342 223,480 179,671 183,820 245,377 287,512 259,931 280,025 319,687
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

Company name
Symbol
Receivables turnover
Alpha Metallurgical Resources Inc
AMR
6.81
Arch Resources Inc
ARCH
11.43
Peabody Energy Corp
BTU
15.35