Core Natural Resources, Inc. (CNR)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,148,698 | 2,213,263 | 2,204,294 | 2,371,335 | 2,506,635 | 2,509,437 | 2,530,409 | 2,481,302 | 2,339,875 | 2,037,760 | 1,768,138 | 1,466,444 | 1,261,034 | 1,194,772 | 2,130,006 | 1,948,080 | 1,892,420 | 1,949,596 | 1,043,790 | 1,293,676 |
| Total current assets | US$ in thousands | 785,958 | 1,654,660 | 1,518,750 | 613,713 | 601,006 | 579,394 | 578,424 | 611,988 | 598,483 | 558,297 | 2,717,060 | 2,179,280 | 1,987,080 | 2,076,590 | 1,786,150 | 1,890,470 | 1,791,170 | 1,735,820 | 1,526,180 | 1,538,140 |
| Total current liabilities | US$ in thousands | 518,684 | 1,004,270 | 991,506 | 417,296 | 443,724 | 454,151 | 413,731 | 442,466 | 448,798 | 515,005 | 931,555 | 895,331 | 855,435 | 817,942 | 820,360 | 728,987 | 667,152 | 696,251 | 593,472 | 629,531 |
| Working capital turnover | 8.04 | 3.40 | 4.18 | 12.07 | 15.94 | 20.04 | 15.36 | 14.64 | 15.63 | 47.07 | 0.99 | 1.14 | 1.11 | 0.95 | 2.21 | 1.68 | 1.68 | 1.88 | 1.12 | 1.42 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,148,698K ÷ ($785,958K – $518,684K)
= 8.04
Core Natural Resources, Inc.'s working capital turnover has shown variability over the periods provided. The working capital turnover ratio indicates how efficiently the company is using its working capital to generate sales revenue.
From the data provided, we can observe that the working capital turnover ratio ranged from as low as 0.95 to as high as 47.07 over the different quarters. A higher working capital turnover ratio typically indicates better efficiency in managing working capital to generate sales, while a lower ratio suggests inefficiency or the need for improved working capital management.
Core Natural Resources, Inc. experienced a significant increase in working capital turnover in the third quarter of 2022, reaching an exceptionally high ratio of 47.07. This sudden spike could be attributed to various factors such as a decrease in working capital, an increase in sales, or a combination of both.
Subsequently, the working capital turnover ratio decreased in the following quarters but remained relatively high compared to the initial periods. The company's working capital turnover ratio appears to have stabilized within a more moderate range towards the end of the data provided.
It is essential for Core Natural Resources, Inc. to monitor its working capital turnover ratio continuously to ensure optimal utilization of resources and sustainable business operations. Any significant fluctuations in this ratio should be further analyzed to identify root causes and implement appropriate management strategies.
Peer comparison
Dec 31, 2024