Core Natural Resources, Inc. (CNR)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 70.57 | 502.04 | 443.49 | 74.67 | 60.10 | 71.95 | 77.99 | 83.25 | 62.58 | 72.81 | 705.88 | 888.73 | 832.17 | 709.88 | 171.44 | 157.99 | 141.70 | 135.87 | 648.83 | 738.78 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | 30.67 | 26.40 | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | 122.95 | 120.98 | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 70.57 | 502.04 | 443.49 | 74.67 | 60.10 | 71.95 | 77.99 | 83.25 | -29.69 | -21.78 | 705.88 | 888.73 | 832.17 | 709.88 | 171.44 | 157.99 | 141.70 | 135.87 | 648.83 | 738.78 |
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 fluctuated significantly over the period analyzed. The cash conversion cycle, which represents the time it takes for a company to convert its investments in inventory and other resources into cash flow from sales, ranged from negative to over 800 days.
In the initial period, the company had a high cash conversion cycle of around 700 days, indicating inefficiencies in managing its cash flow and working capital. This was followed by a drastic improvement in the cycle as it reduced to negative days, potentially suggesting the company streamlined its operations and improved its cash collection processes.
Subsequently, the company maintained a relatively stable cash conversion cycle of around 70-80 days, indicating efficient management of working capital. However, in mid-2024, there was a sharp increase in the cash conversion cycle to over 500 days, which may signify challenges in converting inventory and resources into cash flow.
Overall, Core Natural Resources, Inc. experienced fluctuations in its cash conversion cycle, reflecting changes in its operating efficiency and working capital management over the period under review. Understanding and managing this metric effectively is crucial for the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2024