Warrior Met Coal Inc (HCC)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,145,970 | 946,415 | 701,352 | 757,019 | 889,258 |
| Payables | US$ in thousands | 36,245 | 39,026 | 33,829 | 59,110 | 46,436 |
| Payables turnover | 31.62 | 24.25 | 20.73 | 12.81 | 19.15 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,145,970K ÷ $36,245K
= 31.62
Warrior Met Coal Inc's payables turnover has shown an increasing trend over the past five years, indicating an improvement in the efficiency of the company in managing its accounts payables. The payables turnover ratio has increased from 16.16 in 2019 to 26.15 in 2023, suggesting that the company is paying off its suppliers more frequently within a year. This could indicate stronger bargaining power with suppliers, better cash flow management, or possibly improved vendor relationships. Overall, the upward trend in payables turnover reflects positively on Warrior Met Coal Inc's ability to efficiently manage its accounts payable and optimize its working capital.
Peer comparison
Dec 31, 2023