Warrior Met Coal Inc (HCC)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,703,690 | 1,735,450 | 1,045,640 | 784,294 | 1,279,610 |
| Total assets | US$ in thousands | 2,357,060 | 2,028,100 | 1,464,210 | 1,393,940 | 1,344,260 |
| Total asset turnover | 0.72 | 0.86 | 0.71 | 0.56 | 0.95 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,703,690K ÷ $2,357,060K
= 0.72
Warrior Met Coal Inc's total asset turnover has fluctuated over the past five years. The ratio declined from 0.94 in 2019 to 0.56 in 2020 before rebounding to 0.72 in 2021. In 2022, it further improved to 0.86 but experienced a decrease to 0.71 in 2023.
A total asset turnover ratio below 1 suggests that the company is not efficiently utilizing its assets to generate sales. Despite the fluctuations, the company's ability to generate revenue from its assets has generally been below average in recent years, indicating potential inefficiencies in asset utilization. Further analysis of the company's operations and asset management strategies may be warranted to improve this ratio and enhance overall efficiency.
Peer comparison
Dec 31, 2023