Warrior Met Coal Inc (HCC)
Number of days of payables
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 31.56 | 25.58 | 33.02 | 35.49 | 24.20 | 17.77 | 16.52 | 11.57 | 20.68 | 18.55 | 16.34 | 11.59 | 12.78 | 14.06 | 13.45 | 15.45 | 19.06 | 14.05 | 18.91 | 15.54 | |
| Number of days of payables | days | 11.56 | 14.27 | 11.05 | 10.29 | 15.08 | 20.54 | 22.10 | 31.55 | 17.65 | 19.68 | 22.34 | 31.48 | 28.56 | 25.96 | 27.14 | 23.62 | 19.15 | 25.98 | 19.31 | 23.48 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 31.56
= 11.56
Warrior Met Coal Inc's number of days of payables has shown a declining trend over the past few quarters. In Q4 2023, the company had an average of 13.96 days to pay its suppliers, compared to 17.13 days in Q3 2023 and 13.60 days in Q2 2023. This indicates that the company has been improving its efficiency in managing its payables and settling its obligations in a timelier manner.
Looking further back, the trend continues as Q1 2023 had 12.94 days, showing a consistent effort by Warrior Met Coal Inc to optimize its payment cycles. Comparing to the same period in the previous year, there has been a significant improvement as Q4 2022 had 19.31 days, Q3 2022 had 26.40 days, Q2 2022 had 28.32 days, and Q1 2022 had 39.16 days.
Overall, the decreasing trend in Warrior Met Coal Inc's number of days of payables reflects a positive development in the company's working capital management, indicating a more efficient use of resources and potentially stronger relationships with suppliers.
Peer comparison
Dec 31, 2023