Warrior Met Coal Inc (HCC)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,271,770 | 1,145,970 | 946,415 | 701,352 | 757,019 |
| Payables | US$ in thousands | 40,178 | 36,245 | 39,026 | 33,829 | 59,110 |
| Payables turnover | 31.65 | 31.62 | 24.25 | 20.73 | 12.81 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,271,770K ÷ $40,178K
= 31.65
Warrior Met Coal Inc's payables turnover has shown a consistent upward trend from 2020 to 2024. The payables turnover ratio increased from 12.81 in 2020 to 31.65 in 2024, indicating that the company is managing its accounts payable more efficiently over the years. This improvement suggests that Warrior Met Coal Inc is paying its suppliers more frequently or quickly, which can be a positive sign of strong liquidity management and good relationships with suppliers. The increasing trend in the payables turnover ratio also implies that the company is effectively utilizing its working capital and operating more efficiently in terms of managing its trade payables. Overall, the rising payables turnover ratio reflects positively on Warrior Met Coal Inc's financial management practices and operational effectiveness.
Peer comparison
Dec 31, 2024