Warrior Met Coal Inc (HCC)
Payables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,269,170 | 1,213,132 | 1,244,544 | 1,210,182 | 1,143,987 | 1,126,106 | 1,081,932 | 1,055,588 | 944,616 | 921,930 | 774,335 | 699,327 | 699,741 | 725,818 | 784,741 | 757,504 | 755,554 | 703,163 | 750,580 | 843,897 |
| Payables | US$ in thousands | 40,178 | 45,112 | 65,507 | 43,184 | 36,245 | 44,019 | 32,765 | 29,746 | 39,026 | 51,885 | 46,876 | 60,446 | 33,829 | 39,138 | 48,032 | 65,336 | 59,110 | 50,002 | 55,805 | 54,620 |
| Payables turnover | 31.59 | 26.89 | 19.00 | 28.02 | 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,269,170K ÷ $40,178K
= 31.59
Warrior Met Coal Inc's payables turnover ratio measures the company's efficiency in managing its payables by indicating how many times during a period its payables are paid off. Looking at the data provided, we can see fluctuations in Warrior Met Coal Inc's payables turnover ratio over the quarters.
The payables turnover ratio for Warrior Met Coal Inc started at 15.45 on March 31, 2020, which means the company paid off its payables approximately 15.45 times during that period. The ratio decreased to 11.59 on March 31, 2021, indicating a potential slowdown in payables management efficiency.
However, there was a significant improvement in payables turnover as it increased to 35.49 on March 31, 2023, suggesting that the company was more effective in managing its payables during that period. Subsequently, the ratio fluctuated between periods but generally showed improvement, reaching 31.59 on December 31, 2024.
Overall, the trend in Warrior Met Coal Inc's payables turnover ratio suggests fluctuations in the company's ability to manage its payables efficiently. It is essential for the company to continue monitoring and improving this ratio to ensure effective working capital management and maintain good relationships with suppliers.
Peer comparison
Dec 31, 2024