SunCoke Energy Inc (SXC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.26 | 1.36 | 1.58 | 2.11 | 9.98 | |
| Number of days of payables | days | 288.81 | 268.19 | 231.57 | 172.95 | 36.57 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.26
= 288.81
The number of days of payables for SunCoke Energy Inc has shown a relatively stable trend over the past five years. In 2023, the company took around 36.42 days, on average, to pay its suppliers, which is slightly higher compared to the previous year at 36.23 days. This indicates that the company is managing its payables efficiently.
When we compare the current year's number of days of payables with 2021 and 2019, we observe a decrease in the payment period, suggesting an improvement in managing the company's accounts payable. However, in 2021, the number of days of payables increased to 41.11 days before reverting back to a lower level in 2023.
Overall, SunCoke Energy Inc's ability to pay its suppliers within a reasonable timeframe has been consistent, with fluctuations occurring in certain years. This metric provides insight into the company's liquidity position and efficiency in managing working capital.
Peer comparison
Dec 31, 2023