Warrior Met Coal Inc (HCC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.22 | 10.35 | 7.84 | 8.16 | 6.13 | 6.41 | 5.51 | 6.33 | 11.74 | 7.72 | 5.59 | 5.58 | 6.36 | 4.52 | 4.88 | 7.18 | 9.04 | 8.72 | 9.96 | 9.33 |
| Receivables turnover | 15.43 | 6.13 | 7.81 | 8.95 | 11.08 | 8.29 | 5.41 | 4.60 | 8.03 | 11.64 | 12.76 | 10.09 | 8.86 | 9.53 | 8.77 | 7.31 | 11.21 | 11.95 | 8.26 | 6.49 |
| 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 |
| Working capital turnover | 1.85 | 1.71 | 1.48 | 1.67 | 1.69 | 1.82 | 1.65 | 1.75 | 2.07 | 2.47 | 2.59 | 2.43 | 2.64 | 2.14 | 2.29 | 2.64 | 4.06 | 4.59 | 5.07 | 3.85 |
Warrior Met Coal Inc's activity ratios provide insights into the company's efficiency in managing its inventories, receivables, payables, and working capital during the specified quarters.
- Inventory turnover: Warrior Met Coal Inc's inventory turnover has ranged between 4.30 and 8.62 over the eight quarters, indicating fluctuations in the speed at which the company sells its inventory. A higher turnover ratio suggests efficient inventory management.
- Receivables turnover: The company's receivables turnover ratio has been between 5.50 and 15.18, showing variances in how quickly Warrior Met Coal Inc collects its outstanding receivables. A higher ratio is favorable as it indicates faster collection of receivables.
- Payables turnover: Warrior Met Coal Inc's payables turnover ratio has fluctuated between 9.32 and 28.22, reflecting changes in how quickly the company pays its suppliers. A higher ratio suggests that the company is paying its suppliers more quickly.
- Working capital turnover: The working capital turnover ratio has varied between 1.49 and 1.85, demonstrating the efficiency of Warrior Met Coal Inc in generating sales using its working capital. A higher ratio indicates better utilization of working capital to generate revenue.
Overall, analyzing Warrior Met Coal Inc's activity ratios shows trends in inventory management, receivables collection, payment to suppliers, and working capital efficiency over the specified quarters. This analysis can help assess the company's operational performance and liquidity management.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 58.69 | 35.25 | 46.54 | 44.75 | 59.52 | 56.93 | 66.19 | 57.69 | 31.10 | 47.28 | 65.31 | 65.38 | 57.35 | 80.80 | 74.84 | 50.85 | 40.37 | 41.88 | 36.65 | 39.13 |
| Days of sales outstanding (DSO) | days | 23.66 | 59.55 | 46.72 | 40.79 | 32.95 | 44.04 | 67.50 | 79.41 | 45.43 | 31.35 | 28.61 | 36.17 | 41.22 | 38.30 | 41.63 | 49.90 | 32.57 | 30.56 | 44.18 | 56.22 |
| 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 |
Warrior Met Coal Inc's activity ratios provide insight into the efficiency of the company's operations.
1. Days of Inventory on Hand (DOH): Warrior Met Coal Inc's DOH has fluctuated over the past eight quarters, ranging from 42.32 days to 84.85 days. A high DOH indicates that the company may be holding excess inventory, tying up funds that could be used elsewhere. The trend indicates that the company has been able to manage its inventory levels more effectively in recent quarters compared to previous periods.
2. Days of Sales Outstanding (DSO): Warrior Met Coal Inc's DSO has also varied significantly, ranging from 24.04 days to 77.67 days. A high DSO suggests that the company may be facing challenges in collecting payments from customers promptly. The decreasing trend in DSO over the quarters indicates an improvement in the company's receivables management and faster collection of outstanding amounts.
3. Number of Days of Payables: The number of days of payables demonstrates the average time it takes for Warrior Met Coal Inc to pay its suppliers. The company's payables period has fluctuated between 12.94 days and 39.16 days. A longer payables period indicates that the company is taking longer to settle its obligations to suppliers, which can sometimes be a strategic move to manage cash flow. The decreasing trend in the payables period may suggest that the company is paying its suppliers more promptly in recent quarters.
Overall, Warrior Met Coal Inc's activity ratios reflect improvements in inventory management and receivables collection, along with variations in the payables period. Monitoring these ratios over time can provide valuable insights into the company's operational efficiency and financial health.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 1.53 | 1.75 | 1.92 | 2.58 | 2.57 | 2.94 | 2.73 | 2.25 | 1.98 | 1.61 | 1.52 | 1.36 | 1.33 | 1.38 | 1.58 | 2.04 | 2.26 | 2.43 | 2.43 | 2.29 |
| Total asset turnover | 0.72 | 0.74 | 0.72 | 0.87 | 0.85 | 0.92 | 0.84 | 0.73 | 0.71 | 0.63 | 0.62 | 0.56 | 0.56 | 0.56 | 0.64 | 0.79 | 0.95 | 1.06 | 1.10 | 0.95 |
Warrior Met Coal Inc's long-term activity ratios show variations in the efficiency of utilizing its assets over the past eight quarters. The fixed asset turnover ratio, which measures how efficiently the company generates revenue from its fixed assets, has ranged from a low of 1.33 in Q4 2023 to a high of 2.12 in Q1 2023. A decreasing trend can be observed in the fixed asset turnover ratio from Q1 2023 to Q4 2023.
On the other hand, the total asset turnover ratio, indicating the company's ability to generate sales from all of its assets, has fluctuated between 0.71 to 0.87 over the same period. The total asset turnover ratio reached its peak in Q1 2023 and has shown some level of volatility in subsequent quarters.
Overall, Warrior Met Coal Inc's fixed asset turnover has been higher than its total asset turnover in most quarters, indicating a strong efficiency in utilizing its fixed assets specifically. However, management may need to focus on improving the total asset turnover ratio to maximize the overall efficiency of asset utilization in the long term. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance.