Arch Resources Inc (ARCH)
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 | 3,129,896 | 3,214,888 | 3,332,788 | 3,697,621 | 3,689,711 | 3,567,460 | 3,296,340 | 2,625,198 | 2,121,844 | 1,745,170 | 1,536,181 | 1,404,731 | 1,453,160 | 1,646,594 | 1,882,740 | 2,132,589 | 2,281,496 | 2,382,979 | 2,395,562 | 2,416,529 |
| Receivables | US$ in thousands | 273,922 | 289,994 | 250,479 | 295,157 | 237,399 | 210,349 | 457,883 | 323,167 | 324,904 | 226,206 | 160,154 | 129,086 | 111,369 | 127,292 | 118,835 | 149,225 | 168,625 | 206,149 | 182,824 | 195,095 |
| Receivables turnover | 11.43 | 11.09 | 13.31 | 12.53 | 15.54 | 16.96 | 7.20 | 8.12 | 6.53 | 7.71 | 9.59 | 10.88 | 13.05 | 12.94 | 15.84 | 14.29 | 13.53 | 11.56 | 13.10 | 12.39 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,129,896K ÷ $273,922K
= 11.43
The receivables turnover ratio for Arch Resources Inc has shown fluctuations over the past few quarters. The ratio indicates the company's ability to efficiently collect payments from its customers.
Looking at the data, we can see that the receivables turnover ratio has generally been above 10, which suggests that the company is able to collect its accounts receivable multiple times throughout the year. A higher turnover ratio is generally favorable as it indicates that the company is efficient in collecting payments from customers.
There are some periods where the ratio is notably higher, such as in Dec 2022, Sep 2022, Dec 2021, and Jun 2021. Conversely, there are periods where the ratio dips, like in Mar 2022, Mar 2021, and Mar 2020. These variations may be influenced by factors such as changes in credit policies, industry trends, or specific customer behaviors.
Overall, it is important for Arch Resources Inc to closely monitor its receivables turnover ratio to ensure that it maintains efficient collections and manages its accounts receivable effectively.
Peer comparison
Dec 31, 2023