SunCoke Energy Inc (SXC)

Short-term

Turnover ratios

Based on the provided data for SunCoke Energy Inc, let's analyze the activity ratios:

1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently a company manages its inventory. A higher ratio indicates that inventory is selling quickly. SunCoke Energy Inc's inventory turnover has generally been increasing over the years, from 8.28 in 2020 to 8.87 in 2024. This suggests that the company is managing its inventory effectively and selling it at a faster rate.

2. Receivables Turnover:
- Unfortunately, there is no data provided for the receivables turnover ratio. This ratio typically measures how efficiently a company collects payments from its customers. Without this information, we cannot assess SunCoke Energy Inc's effectiveness in collecting receivables.

3. Payables Turnover:
- Similar to receivables turnover, payables turnover data is not available. The payables turnover ratio indicates how efficiently a company pays its suppliers. Without this information, it is challenging to evaluate SunCoke Energy Inc’s payables management.

4. Working Capital Turnover:
- The working capital turnover ratio assesses how efficiently a company utilizes its working capital to generate sales. SunCoke Energy Inc's working capital turnover has been decreasing from 18.83 in 2020 to 7.20 in 2024. This decreasing trend may indicate that the company's sales are not generating as much revenue relative to the working capital employed, which could be a concern.

In conclusion, based on the available data, SunCoke Energy Inc appears to be effectively managing its inventory with an increasing turnover ratio. However, the lack of information on receivables turnover and payables turnover limits a comprehensive analysis of the company's overall efficiency in managing accounts receivable and accounts payable. The declining trend in working capital turnover raises some potential concerns about the company's ability to generate revenue efficiently with the working capital at its disposal.

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Average number of days

Based on the provided data, SunCoke Energy Inc's activity ratios can be analyzed as follows:

1. Days of Inventory on Hand (DOH):
- The trend in SunCoke Energy's DOH indicates an improvement over the years, decreasing from 44.08 days as of December 31, 2020, to 41.16 days as of December 31, 2024.
- A decreasing trend in DOH generally signifies that the company is managing its inventory more efficiently, which can lead to lower storage costs and reduced risk of obsolete inventory.

2. Days of Sales Outstanding (DSO):
- The data provided does not include information on Days of Sales Outstanding (DSO) for SunCoke Energy Inc for the periods mentioned (2010-2024). Without DSO data, it is challenging to assess the efficiency of the company in collecting its accounts receivable.

3. Number of Days of Payables:
- Similar to DSO, there is no information available on the Number of Days of Payables for SunCoke Energy Inc for the periods provided.
- The Number of Days of Payables ratio is vital as it indicates how long a company takes to pay its suppliers. A longer payment period can indicate better cash flow management, but excessively long payment terms can strain supplier relationships.

In conclusion, the data suggests an improvement in SunCoke Energy Inc's inventory management efficiency over the years based on the decreasing trend in Days of Inventory on Hand. However, a comprehensive analysis of the company's overall working capital management would require additional information on Days of Sales Outstanding and Number of Days of Payables.

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Long-term

The fixed asset turnover ratio for SunCoke Energy Inc has gradually improved over the years, increasing from 1.00 in December 31, 2020, to 1.60 in December 31, 2022. This indicates that the company is generating more revenue for each dollar invested in fixed assets. However, data is not available for 2023 and 2024 making it harder to assess the trend in those years.

On the other hand, the total asset turnover ratio shows a fluctuating trend for SunCoke Energy Inc. It increased from 0.83 in December 31, 2020, to 1.24 in December 31, 2023, and then declined to 1.16 in December 31, 2024. This implies that the company's ability to generate sales from its total assets varied over the period, with a peak in 2023 followed by a slight decrease in 2024.

Overall, a high fixed asset turnover ratio and a varying total asset turnover ratio suggest that SunCoke Energy Inc may be efficiently utilizing its fixed assets to generate sales but should aim for more consistent performance in utilizing its total assets effectively in the future.