Warrior Met Coal Inc (HCC)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 15.43 | 11.16 | 8.03 | 8.87 | 11.20 | |
| DSO | days | 23.66 | 32.70 | 45.43 | 41.16 | 32.59 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.43
= 23.66
Warrior Met Coal Inc's Days of Sales Outstanding (DSO) has shown a decreasing trend over the past five years. The company's DSO was 24.04 days at the end of 2023, compared to 32.64 days in 2022, 44.85 days in 2021, 41.24 days in 2020, and 32.88 days in 2019. This indicates that the company is collecting its accounts receivable more efficiently, with customers taking fewer days to pay their bills. A lower DSO suggests a more efficient cash conversion cycle and improved liquidity for the company. Warrior Met Coal Inc's management may have implemented better credit policies or improved collection practices to achieve this improvement in DSO, which is a positive sign for the company's financial health.
Peer comparison
Dec 31, 2023