Warrior Met Coal Inc (HCC)
Total asset 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 |
| Total assets | US$ in thousands | 2,357,060 | 2,219,250 | 2,244,080 | 2,150,990 | 2,028,100 | 1,935,280 | 1,898,920 | 1,643,350 | 1,464,210 | 1,344,610 | 1,347,080 | 1,379,990 | 1,393,940 | 1,391,010 | 1,397,190 | 1,439,170 | 1,344,260 | 1,349,580 | 1,290,480 | 1,400,000 |
| 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,703,690K ÷ $2,357,060K
= 0.72
The total asset turnover ratio for Warrior Met Coal Inc has shown fluctuating trends over the past eight quarters. In Q4 2023, the total asset turnover ratio was 0.71, indicating that the company generated $0.71 in revenue for every dollar of assets it held. This was a decrease from the previous quarter, Q3 2023, where the ratio was 0.75.
Comparing Q4 2023 to the same quarter in the previous year, Q4 2022, the total asset turnover ratio decreased from 0.86 to 0.71. This suggests that the company may be less effective in generating sales from its assets compared to the previous year.
Overall, the total asset turnover ratio for Warrior Met Coal Inc has been below 1 for the past eight quarters, indicating that the company may not be efficiently utilizing its assets to generate revenue. Investors and stakeholders may want to further investigate the reasons behind the fluctuating total asset turnover ratio and its potential implications for the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023