Warrior Met Coal Inc (HCC)
Total asset 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 |
| Total assets | US$ in thousands | 2,591,520 | 2,357,060 | 2,028,100 | 1,464,210 | 1,393,940 |
| Total asset turnover | 0.59 | 0.72 | 0.86 | 0.71 | 0.56 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,525,220K ÷ $2,591,520K
= 0.59
Warrior Met Coal Inc's total asset turnover has shown a fluctuating trend over the past five years. The ratio increased from 0.56 in December 31, 2020, to 0.71 in December 31, 2021, indicating that the company generated $0.71 in sales for every dollar of assets. This suggests improved efficiency in utilizing its assets to generate revenue.
In the subsequent year, the total asset turnover further increased to 0.86 by December 31, 2022, reaching its peak during this period. This surge suggests that Warrior Met Coal Inc significantly optimized its asset utilization to generate sales.
However, in December 31, 2023, the total asset turnover ratio slightly decreased to 0.72, indicating a modest decline in the company's efficiency in generating sales from its assets compared to the previous year.
By the end of December 31, 2024, the total asset turnover ratio dropped to 0.59, signaling a notable decrease in asset efficiency compared to the prior year. This decline may indicate challenges in effectively utilizing assets to generate revenue during this period.
Overall, Warrior Met Coal Inc's total asset turnover has exhibited variability, with periods of improvement and decline in asset efficiency over the five-year period under consideration. Further analysis into the company's operations and financial strategies may be necessary to fully understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2024