Arch Resources Inc (ARCH)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.87 | 13.44 | 14.21 | 15.35 | 12.52 | 13.42 | 13.99 | 13.74 | 13.80 | 15.26 | 14.15 | 13.06 | 16.08 | 19.74 | 18.59 | 19.04 | 12.81 | 7.42 | 5.37 | 2.15 | |
| Number of days of payables | days | 28.35 | 27.17 | 25.68 | 23.79 | 29.16 | 27.21 | 26.10 | 26.56 | 26.44 | 23.92 | 25.80 | 27.95 | 22.70 | 18.49 | 19.63 | 19.17 | 28.49 | 49.19 | 67.95 | 169.73 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.87
= 28.35
The number of days of payables for Arch Resources Inc has shown some fluctuation over the past few quarters. As of December 31, 2023, the company takes approximately 28.35 days to pay its creditors, which is slightly higher compared to the previous quarter's 27.17 days. This indicates that the company is taking slightly longer to settle its payables.
Looking back over the year, there was a noticeable decrease in the number of days of payables from the high of 169.73 days in the first quarter of 2019 to the current level. This significant improvement suggests that the company has become more efficient in managing its payables and is paying its creditors in a timelier manner.
It is important to monitor the trend of the number of days of payables to ensure that the company maintains a healthy balance between managing its cash flow and maintaining good relationships with suppliers.
Peer comparison
Dec 31, 2023