Warrior Met Coal Inc (HCC)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 885,225 | 713,987 | 689,415 | 656,336 |
| Payables | US$ in thousands | 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 | 46,436 | 50,821 | 36,467 | 42,222 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,143,987K ÷ $36,245K
= 31.56
Warrior Met Coal Inc's payables turnover ratio has shown a generally increasing trend over the past eight quarters. The company's ability to efficiently manage its accounts payable has improved significantly, with Q1 2022 showing the lowest turnover ratio of 9.32 compared to the most recent quarter, Q4 2023, which had a significantly higher turnover ratio of 26.15. This indicates that Warrior Met Coal Inc is taking fewer days to pay off its suppliers and vendors, which may be a result of better cash management or negotiation of more favorable terms with suppliers. Overall, the increasing trend in payables turnover ratio suggests improved efficiency in managing payables and optimizing working capital.
Peer comparison
Dec 31, 2023