Core Natural Resources, Inc. (CNR)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,148,700 | 2,506,640 | 2,280,020 | 1,261,030 | 879,462 |
| Total current assets | US$ in thousands | 785,958 | 601,006 | 598,483 | 1,987,080 | 1,791,170 |
| Total current liabilities | US$ in thousands | 518,684 | 443,724 | 448,798 | 855,435 | 667,152 |
| Working capital turnover | 8.04 | 15.94 | 15.23 | 1.11 | 0.78 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,148,700K ÷ ($785,958K – $518,684K)
= 8.04
Core Natural Resources, Inc.'s working capital turnover has seen significant fluctuations over the years. The ratio has increased from 0.78 in December 31, 2020, to 1.11 in December 31, 2021, indicating a more efficient utilization of working capital. However, there was a substantial leap in efficiency in the subsequent years, with the ratio surging to 15.23 in December 31, 2022, and further to 15.94 in December 31, 2023, suggesting an exceptional ability to generate revenue from working capital. The ratio then experienced a decline to 8.04 in December 31, 2024, which, while lower than the peak, still reflects a relatively efficient usage of working capital compared to the initial years. Overall, the trend indicates a substantial improvement in working capital turnover, highlighting the company's effective management of its working capital resources.
Peer comparison
Dec 31, 2024