Warrior Met Coal Inc (HCC)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,532,254 | 1,639,102 | 1,722,717 | 1,705,199 | 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 |
| Total current assets | US$ in thousands | 887,062 | 972,132 | 1,109,810 | 1,119,260 | 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 |
| Total current liabilities | US$ in thousands | 170,430 | 167,333 | 174,337 | 163,042 | 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 |
| Working capital turnover | 2.14 | 2.04 | 1.84 | 1.78 | 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,532,254K ÷ ($887,062K – $170,430K)
= 2.14
Warrior Met Coal Inc's working capital turnover ratio has shown fluctuations over the period. The ratio was relatively stable in the range of 2.1 to 2.6 from March 31, 2020, to September 30, 2021, indicating that the company efficiently utilized its working capital to generate sales. However, a slight decrease was observed in the ratio by December 31, 2021, to 2.07, suggesting a potential slowdown in working capital efficiency.
From March 31, 2022, to June 30, 2024, there was a notable decline in the working capital turnover ratio, dropping consistently from 1.75 to 1.84. This downward trend may signify inefficiencies in the utilization of working capital relative to generating sales for the company during this period.
The ratio saw a modest improvement by September 30, 2024, and December 31, 2024, with values of 2.04 and 2.14, respectively. This increase indicates a potential enhancement in the efficiency of working capital management in generating revenues towards the end of the analyzed period.
Overall, the working capital turnover ratio for Warrior Met Coal Inc has displayed varying trends, highlighting fluctuations in the company's efficiency in using its working capital to support sales activities.
Peer comparison
Dec 31, 2024