Core Natural Resources, Inc. (CNR)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 70.57 | 60.10 | 59.11 | 69.88 | 628.74 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 70.57 | 60.10 | 59.11 | 69.88 | 628.74 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 70.57 + — – —
= 70.57
Core Natural Resources, Inc.'s cash conversion cycle has improved significantly over the years. As of December 31, 2020, the company's cash conversion cycle was 628.74 days, reflecting a prolonged period between the company's cash outflows for inventory and cash inflows from sales. However, there has been a positive trend in subsequent years, with the cash conversion cycle decreasing to 69.88 days as of December 31, 2021, further decreasing to 59.11 days by December 31, 2022, and to 60.10 days by December 31, 2023. Although there was a slight increase to 70.57 days by December 31, 2024, the overall trend indicates an improvement in the company's efficiency in managing its cash flows and working capital, leading to a shorter cycle and quicker conversion of inventory into cash.
Peer comparison
Dec 31, 2024