SunCoke Energy Inc (SXC)

Payables 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
Payables	US$ in thousands	172,100	182,300	173,900	172,700	159,300	153,000	159,400	168,100	126,000	122,100	111,700	106,200	104,100	92,700	72,900	110,000	142,400	119,800	137,200	145,700
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $217,500K ÷ $172,100K
= 1.26

SunCoke Energy Inc's payables turnover ratio has shown fluctuations over the past eight quarters. The ratio indicates how efficiently the company is managing its accounts payable.

In Q4 2023, the payables turnover ratio was 10.02, which means the company converted its accounts payable into purchases ten times during that quarter. This was a slight increase from the previous quarter (Q3 2023) where the ratio was 9.45.

Looking at the trend over the past year, SunCoke Energy Inc has generally maintained a relatively high payables turnover ratio, indicating strong efficiency in managing its payables. The ratios have shown variability, with some quarters performing better than others.

The company's ability to negotiate favorable credit terms with its suppliers and promptly pay its bills could be potential factors contributing to the variations in the payables turnover ratio. Monitoring this ratio over time can provide insights into the company's liquidity, operational efficiency, and relationships with suppliers.