Alpha Metallurgical Resources Inc (AMR)
Working capital 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 | |
| Total current assets | US$ in thousands | 1,048,300 | 1,048,950 | 1,078,310 | 1,092,490 | 1,114,420 | 1,147,400 | 1,108,680 | 1,014,570 | 747,986 | 571,218 | 534,118 | 525,574 | 510,135 | 586,289 | 687,810 | 799,029 | 711,479 | 770,464 | 862,686 | 820,418 |
| Total current liabilities | US$ in thousands | 309,930 | 315,210 | 295,736 | 316,608 | 402,625 | 341,342 | 345,467 | 360,926 | 295,929 | 292,404 | 311,376 | 289,603 | 259,054 | 292,278 | 291,889 | 303,220 | 315,152 | 330,177 | 326,405 | 355,194 |
| Working capital turnover | 4.70 | 4.55 | 4.42 | 5.08 | 5.76 | 5.09 | 5.09 | 4.50 | 5.00 | 6.29 | 6.47 | 5.93 | 5.64 | 5.41 | 4.50 | 4.20 | 5.78 | 5.37 | 4.26 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,471,417K ÷ ($1,048,300K – $309,930K)
= 4.70
Alpha Metallurgical Resources Inc's working capital turnover has shown fluctuations over the past eight quarters. The ratio indicates the company's efficiency in utilizing its working capital to generate sales revenue.
The trend analysis reveals a general decrease in working capital turnover from Q1 2022 to Q2 2023, with peaks in Q4 2022 and Q1 2023. This suggests that the company may have experienced challenges in efficiently utilizing its working capital during the intermediate periods.
While the working capital turnover ratio has been above 4 in most quarters, indicating that the company is generating sales revenue efficiently relative to its working capital, the decreasing trend from Q4 2022 to Q2 2023 warrants attention. It is advisable for Alpha Metallurgical Resources Inc to monitor and manage its working capital effectively to ensure optimal utilization in driving sales revenue. Further analysis, including comparisons with industry benchmarks and competitors, could provide additional insights into the company's performance in this area.
Peer comparison
Dec 31, 2023