Warrior Met Coal Inc (HCC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 31.62 | 24.25 | 20.73 | 12.81 | 19.15 | |
| Number of days of payables | days | 11.54 | 15.05 | 17.61 | 28.50 | 19.06 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 31.62
= 11.54
The number of days of payables for Warrior Met Coal Inc has been fluctuating over the past five years, indicating varying efficiencies in managing its payables. A lower number of days of payables suggests that the company is taking less time to pay its suppliers, which could be beneficial for cash flow management.
In 2023, Warrior Met Coal Inc's number of days of payables decreased to 13.96 days from 19.31 days in 2022. This suggests that the company improved its efficiency in paying its suppliers compared to the previous year.
However, the number of days of payables in 2023 is still higher than in 2021 and 2020, indicating that the company might be taking longer to settle its payables compared to those years. It is important for the company to monitor this ratio closely to ensure optimal management of its working capital and relationships with suppliers.
Peer comparison
Dec 31, 2023