Warrior Met Coal Inc (HCC)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,525,220 | 1,703,690 | 1,735,450 | 1,045,640 | 784,294 |
| Receivables | US$ in thousands | 141,595 | 110,437 | 155,463 | 130,141 | 88,440 |
| Receivables turnover | 10.77 | 15.43 | 11.16 | 8.03 | 8.87 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,525,220K ÷ $141,595K
= 10.77
The receivables turnover ratio for Warrior Met Coal Inc has shown fluctuations over the past five years. In December 2020, the ratio was 8.87, indicating that the company collected its accounts receivable approximately 8.87 times during that year. By December 2021, the turnover ratio had decreased to 8.03, suggesting a slower collection of receivables compared to the previous year.
However, there was a significant improvement in the receivables turnover by December 2022, with the ratio reaching 11.16. This increase indicates that the company was more efficient in collecting its receivables during that period. Subsequently, by December 2023, the ratio further improved to 15.43, showing a notable increase in the speed of collecting accounts receivable.
In December 2024, the receivables turnover ratio slightly decreased to 10.77 but remained at a relatively healthy level compared to previous years. Overall, the trend in receivables turnover for Warrior Met Coal Inc reflects some fluctuations but generally shows an improvement in the efficiency of collecting accounts receivable over the five-year period.
Peer comparison
Dec 31, 2024