SunCoke Energy Inc (SXC)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 23.06 24.88 20.88 24.50 18.52 15.10 15.19 14.74 17.80 22.02 25.33 27.48 27.70 29.49 30.21 28.52 25.94 25.07 15.49 17.29
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
Working capital turnover 10.55 11.90 12.62 11.18 12.94 10.58 10.55 9.58 15.40 19.43 13.75 16.54 18.11 11.58 9.50 5.58 14.10 11.61 8.74 8.82

The activity ratios of SunCoke Energy Inc provide insights into the efficiency of the company's operations in managing its assets and liabilities.

1. Inventory turnover: SunCoke's inventory turnover ratio has shown fluctuations over the quarters, ranging from 6.09 to 9.44. A higher inventory turnover implies that the company is effectively managing its inventory levels, resulting in a quicker conversion of inventory into sales. The trend indicates that the company has been able to efficiently manage its inventory during most quarters.

2. Receivables turnover: SunCoke's receivables turnover ratio has also varied, with values ranging from 15.36 to 25.23. A higher receivables turnover ratio signifies that the company is able to collect its outstanding receivables more frequently. The trend suggests that the company has been successful in managing its accounts receivable efficiently, with some quarters showing particularly strong performance.

3. Payables turnover: The payables turnover ratio for SunCoke has ranged from 7.04 to 10.07, indicating the company's ability to pay off its suppliers in a timely manner. A higher payables turnover ratio suggests that the company is effectively managing its accounts payable. The trend reflects consistency in the company's payment practices over the quarters.

4. Working capital turnover: SunCoke's working capital turnover ratio has fluctuated between 10.03 and 13.15. This ratio measures how efficiently the company utilizes its working capital to generate sales. A higher ratio implies better utilization of working capital. The trend shows that SunCoke has maintained a relatively stable efficiency in utilizing its working capital to drive sales across the quarters.

Overall, the analysis of SunCoke Energy Inc's activity ratios indicates that the company has demonstrated efficiency in managing its inventory, receivables, payables, and working capital during the periods covered.

Average number of days

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
Days of inventory on hand (DOH) days 306.43 353.05 339.90 393.49 294.96 345.76 339.02 348.83 233.41 219.82 239.67 227.98 210.33 92.35 60.55 48.58 37.75 41.14 47.28 42.08
Days of sales outstanding (DSO) days 15.83 14.67 17.48 14.90 19.71 24.18 24.04 24.77 20.50 16.58 14.41 13.28 13.18 12.38 12.08 12.80 14.07 14.56 23.56 21.12
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

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

1. Days of Inventory on Hand (DOH): SunCoke has shown some fluctuation in its ability to manage inventory efficiently. In Q4 2023, the DOH decreased to 38.65 days from 43.81 days in Q3 2023, indicating that the company managed its inventory more effectively in the last quarter. Overall, the trend in DOH has been positive over the past two quarters, suggesting improved inventory management.

2. Days of Sales Outstanding (DSO): The DSO ratio reflects how quickly the company collects payment from its customers. SunCoke demonstrated a decreasing trend in DSO from Q4 2022 to Q4 2023, implying more efficient collections processes. Specifically, the DSO decreased from 19.39 days in Q4 2022 to 15.87 days in Q4 2023, indicating that the company collected payments more swiftly at the end of 2023.

3. Number of Days of Payables: SunCoke's ability to pay its suppliers is reflected in the number of days of payables. The company has shown a consistent performance in managing its payables over the quarters, with fluctuations within a relatively narrow range. The number of days of payables decreased from 36.23 days in Q4 2022 to 36.42 days in Q4 2023, indicating a stable payment pattern to suppliers throughout the year.

Overall, SunCoke Energy Inc's activity ratios suggest improvements in inventory management and collections processes, along with a stable pattern in managing payables. These trends indicate that the company is becoming more efficient in its operations, potentially leading to better financial performance.

Long-term

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
Fixed asset turnover 1.71 1.68 1.67 1.65 1.58 1.45 1.31 1.16 1.07 1.03 0.97 0.96 0.97 1.04 1.11 1.15 1.15 1.13 1.05 1.02
Total asset turnover 1.23 1.21 1.23 1.19 1.17 1.07 0.98 0.86 0.86 0.83 0.78 0.78 0.79 0.83 0.89 0.84 0.91 0.89 0.74 0.71

The fixed asset turnover ratio for SunCoke Energy Inc has been relatively stable and increasing gradually over the quarters, indicating that the company is generating more revenue from its fixed assets. This trend suggests an improvement in operational efficiency and better utilization of assets to generate sales.

On the other hand, the total asset turnover ratio has also shown a positive trend, with an increasing pattern quarter over quarter. This indicates that SunCoke Energy Inc is becoming more efficient in generating sales revenue relative to its total assets. The increase in total asset turnover reflects a higher level of sales relative to the value of assets owned by the company.

Overall, the improving trends in both fixed asset turnover and total asset turnover ratios suggest that SunCoke Energy Inc is managing its assets effectively to generate sales. This could be an indication of the company's operational efficiency and effective asset utilization in generating revenue.