SunCoke Energy Inc (SXC)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	217,500	213,800	215,200	217,800	216,800	216,300	207,900	203,100	198,600	214,700	219,000	217,900	219,700	512,600	815,000	1,127,800	1,421,400	1,392,800	1,356,500	1,307,200
Inventory	US$ in thousands	182,600	206,800	200,400	234,800	175,200	204,900	193,100	194,100	127,000	129,300	143,800	136,100	126,600	129,700	135,200	150,100	147,000	157,000	175,700	150,700
Inventory turnover		1.19	1.03	1.07	0.93	1.24	1.06	1.08	1.05	1.56	1.66	1.52	1.60	1.74	3.95	6.03	7.51	9.67	8.87	7.72	8.67

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $217,500K ÷ $182,600K
= 1.19

The inventory turnover ratio for SunCoke Energy Inc has been showing a positive trend over the past eight quarters. The ratio has been consistently improving from 6.09 in Q1 2022 to 9.44 in Q4 2023. This signifies that the company is managing its inventory more efficiently, with the ability to sell and replace inventory at a faster rate.

A high inventory turnover ratio indicates that SunCoke Energy Inc is effectively managing its inventory levels, minimizing the risk of excess or obsolete inventory. This can lead to improved liquidity, as the company is converting its inventory into sales more rapidly.

The increasing trend in inventory turnover over the quarters suggests that SunCoke Energy Inc has been successful in optimizing its inventory management strategies, which could potentially lead to higher profitability and operational efficiency for the company. Additionally, a high inventory turnover ratio may imply strong demand for the company's products or efficient production processes.

Overall, the consistent improvement in the inventory turnover ratio reflects positively on the operational and financial performance of SunCoke Energy Inc.