SunCoke Energy Inc (SXC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.26 | 1.17 | 1.24 | 1.26 | 1.36 | 1.41 | 1.30 | 1.21 | 1.58 | 1.76 | 1.96 | 2.05 | 2.11 | 5.53 | 11.18 | 10.25 | 9.98 | 11.63 | 9.89 | 8.97 | |
| Number of days of payables | days | 288.81 | 311.22 | 294.95 | 289.42 | 268.19 | 258.18 | 279.85 | 302.10 | 231.57 | 207.58 | 186.17 | 177.89 | 172.95 | 66.01 | 32.65 | 35.60 | 36.57 | 31.40 | 36.92 | 40.68 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.26
= 288.81
SunCoke Energy Inc's number of days of payables has been relatively stable over the past eight quarters, ranging from 36.23 days to 51.87 days. In Q4 2023, the company had 36.42 days of payables, slightly lower than the previous quarter. This indicates that the company takes approximately 36 days to pay its suppliers and creditors on average. The consistency in this metric suggests effective management of the company's accounts payable and liquidity position. Overall, SunCoke Energy Inc's number of days of payables appears to be in line with industry norms and does not raise any immediate red flags regarding its financial health.
Peer comparison
Dec 31, 2023