Warrior Met Coal Inc (HCC)
Working capital 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 current assets | US$ in thousands | 1,069,170 | 1,104,200 | 1,216,070 | 1,243,580 | 1,173,110 | 1,141,560 | 1,113,620 | 839,610 | 627,201 | 479,230 | 452,060 | 477,126 | 467,483 | 502,018 | 519,320 | 564,531 | 444,046 | 462,858 | 400,776 | 466,006 |
| Total current liabilities | US$ in thousands | 147,670 | 143,961 | 124,154 | 127,720 | 153,124 | 162,949 | 144,471 | 155,684 | 122,128 | 134,394 | 130,670 | 160,963 | 170,318 | 139,277 | 131,147 | 132,726 | 128,952 | 150,179 | 121,257 | 121,500 |
| Working capital turnover | 1.85 | 1.71 | 1.48 | 1.67 | 1.69 | 1.82 | 1.65 | 1.75 | 2.07 | 2.47 | 2.59 | 2.43 | 2.64 | 2.14 | 2.29 | 2.64 | 4.06 | 4.59 | 5.07 | 3.85 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,703,690K ÷ ($1,069,170K – $147,670K)
= 1.85
Warrior Met Coal Inc's working capital turnover has fluctuated over the past eight quarters. In Q4 2023, the working capital turnover was 1.82, showing an increase from the previous quarter's ratio of 1.73. Despite this increase, the ratio remains somewhat volatile, as seen in the varying values over the quarters. The highest working capital turnover was observed in Q3 2022 at 1.85, while the lowest was in Q2 2023 at 1.49. Overall, the company's efficiency in utilizing its working capital to generate revenue has shown some inconsistency, with periodic improvements and declines in the turnover ratio.
Peer comparison
Dec 31, 2023