Arch Resources Inc (ARCH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,129,900 | 3,689,710 | 2,121,840 | 1,453,160 | 2,275,990 |
| Receivables | US$ in thousands | 273,922 | 237,399 | 324,904 | 111,369 | 168,625 |
| Receivables turnover | 11.43 | 15.54 | 6.53 | 13.05 | 13.50 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,129,900K ÷ $273,922K
= 11.43
The receivables turnover ratio for Arch Resources Inc has shown fluctuations over the past five years. In 2023, the company had a receivables turnover of 11.43, down from 15.54 in 2022. This decrease indicates that the company took longer to collect its accounts receivable in 2023 compared to the previous year. In 2021, the receivables turnover ratio was 6.53, reflecting a significant decrease from the ratios of 13.05 in 2020 and 13.50 in 2019.
Overall, the company's receivables turnover has been inconsistent, with sharp increases and decreases in certain years. A lower receivables turnover ratio may suggest potential issues in collecting payments from customers promptly, while a higher turnover ratio indicates efficient management of accounts receivable. Further analysis of the company's credit policies, collection procedures, and industry benchmarks would provide more insights into the effectiveness of its receivables management.
Peer comparison
Dec 31, 2023