SunCoke Energy Inc (SXC)

Short-term

Turnover ratios

The analysis of SunCoke Energy Inc's activity ratios reveals the following trends:

1. Inventory Turnover: SunCoke Energy Inc's inventory turnover ratio fluctuated over the period, ranging from a low of 6.09 on March 31, 2022, to a high of 9.64 on December 31, 2023. The company's inventory turnover generally remained above 7, indicating efficient management of inventory during most periods.

2. Receivables Turnover: The data shows that SunCoke Energy Inc did not provide information on its receivables turnover ratio for the periods recorded. This lack of data makes it challenging to evaluate the effectiveness of the company's accounts receivable management.

3. Payables Turnover: Similar to receivables turnover, the payables turnover ratio was not disclosed for the periods measured. Without this information, it is impossible to assess the efficiency of SunCoke Energy Inc in managing its accounts payable.

4. Working Capital Turnover: SunCoke Energy Inc's working capital turnover ratio fluctuated throughout the reporting periods, with a peak of 20.57 on September 30, 2021, and a low of 7.20 on December 31, 2024. The company's ability to generate revenue from its working capital varied but generally remained at acceptable levels to support its operations.

Overall, while the inventory turnover and working capital turnover ratios indicate relatively efficient management of inventory and working capital, the lack of data on receivables and payables turnover ratios hinders a comprehensive assessment of SunCoke Energy Inc's overall activity efficiency.

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Average number of days

The activity ratios for SunCoke Energy Inc provide insights into the efficiency of the company's operations.

1. Days of Inventory on Hand (DOH):
- The DOH measures how many days, on average, inventory is held before being sold.
- SunCoke Energy Inc's DOH fluctuated over the periods provided, ranging from a low of 37.86 days to a high of 59.90 days.
- A decreasing trend in DOH generally indicates efficient inventory management, while an increasing trend may suggest excess inventory.

2. Days of Sales Outstanding (DSO):
- Unfortunately, data for DSO was not provided, but it typically measures the average number of days it takes for a company to collect revenue after a sale.
- Lower DSO values are favorable as they indicate quicker collection of receivables and better cash flow management.

3. Number of Days of Payables:
- Regrettably, data for the number of days of payables was not available in the given information. This ratio typically measures how long a company takes to pay its suppliers.
- A longer payables period may indicate that the company is able to preserve cash by delaying payments to suppliers.

Overall, analyzing these activity ratios can help identify areas for improvement in the company's operational efficiency and effectiveness in managing working capital.

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Long-term

SunCoke Energy Inc's fixed asset turnover ratio has shown an increasing trend over the past few years, indicating improved efficiency in utilizing its fixed assets to generate revenue. The ratio steadily increased from 1.16 in March 2020 to 1.70 in June 2023. However, there was a slight decline in the most recent periods due to the lack of data for the latter part of 2024. Overall, the company appears to be effectively utilizing its fixed assets to drive sales.

In terms of total asset turnover, SunCoke Energy Inc has also exhibited a positive trend, with the ratio increasing from 0.85 in March 2020 to 1.25 in June 2024. This suggests that the company has been able to generate more revenue relative to its total assets over the years. The increasing total asset turnover ratio reflects the company's ability to efficiently deploy its assets to generate sales, leading to improved operational performance.

Both fixed asset turnover and total asset turnover ratios are important indicators of a company's operational efficiency and asset utilization. In the case of SunCoke Energy Inc, the improving trends in these ratios signify effective management of assets to drive revenue growth and enhance overall financial performance.