Peabody Energy Corp (BTU)
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 | 4,946,700 | 5,337,800 | 5,601,400 | 5,654,500 | 4,981,900 | 4,620,400 | 3,956,900 | 3,358,400 | 3,318,300 | 2,790,900 | 2,782,900 | 2,686,200 | 2,881,100 | 3,261,300 | 3,696,700 | 4,219,000 | 4,623,400 | 4,903,100 | 5,237,500 | 5,295,600 |
| Total current assets | US$ in thousands | 2,019,700 | 1,933,000 | 1,963,200 | 1,878,500 | 2,372,500 | 2,364,100 | 2,250,000 | 1,806,300 | 1,801,700 | 1,311,300 | 1,270,500 | 1,272,100 | 1,420,300 | 1,536,400 | 1,582,700 | 1,419,200 | 1,613,900 | 1,565,700 | 1,799,800 | 1,860,700 |
| Total current liabilities | US$ in thousands | 979,000 | 839,500 | 905,100 | 866,400 | 918,700 | 1,318,100 | 988,900 | 817,300 | 931,700 | 821,200 | 805,000 | 791,000 | 790,600 | 2,374,400 | 799,800 | 806,000 | 975,300 | 900,900 | 991,700 | 1,049,200 |
| Working capital turnover | 4.75 | 4.88 | 5.29 | 5.59 | 3.43 | 4.42 | 3.14 | 3.40 | 3.81 | 5.69 | 5.98 | 5.58 | 4.58 | — | 4.72 | 6.88 | 7.24 | 7.38 | 6.48 | 6.53 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,946,700K ÷ ($2,019,700K – $979,000K)
= 4.75
The working capital turnover for Peabody Energy Corp has shown variability over the past few quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover generally implies better efficiency in converting working capital into revenue.
Looking at the trend, the working capital turnover has generally been on an upward trajectory since the beginning of 2020, peaking at 7.38 in March 2019. However, there was a slight dip in the most recent quarter, with a working capital turnover of 4.75 as of December 31, 2023.
Overall, the company's working capital turnover fluctuates, indicating that Peabody Energy Corp may need to closely monitor its working capital management to ensure optimal efficiency in utilizing its resources. It is important to assess the reasons behind the fluctuations and take corrective actions as needed to maintain a healthy working capital turnover ratio.
Peer comparison
Dec 31, 2023