Warrior Met Coal Inc (HCC)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,703,690 | 1,643,400 | 1,621,481 | 1,866,718 | 1,722,254 | 1,783,131 | 1,595,163 | 1,197,238 | 1,045,656 | 853,009 | 831,310 | 768,151 | 783,157 | 775,805 | 888,048 | 1,139,650 | 1,280,144 | 1,435,603 | 1,416,915 | 1,324,709 |
| Receivables | US$ in thousands | 110,437 | 268,124 | 207,532 | 208,629 | 155,463 | 215,172 | 295,003 | 260,477 | 130,141 | 73,270 | 65,158 | 76,120 | 88,440 | 81,417 | 101,283 | 155,800 | 114,243 | 120,181 | 171,489 | 204,038 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,703,690K ÷ $110,437K
= 15.43
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a period. Warrior Met Coal Inc's receivables turnover has fluctuated over the past eight quarters, ranging from a low of 4.70 in Q1 2022 to a high of 15.18 in Q4 2023.
In Q4 2023, the receivables turnover ratio improved significantly to 15.18, indicating that Warrior Met Coal Inc was able to collect its receivables more efficiently compared to previous quarters. This could imply effective credit management practices or prompt collection efforts.
On the other hand, the lowest receivables turnover ratio of 4.70 in Q1 2022 suggests that the company took longer to collect its accounts receivable during that period. This might indicate potential issues with customer creditworthiness or collection procedures during that quarter.
Overall, fluctuations in the receivables turnover ratio for Warrior Met Coal Inc highlight the importance of monitoring the company's ability to efficiently manage its accounts receivable and collect outstanding payments in a timely manner.
Peer comparison
Dec 31, 2023