SunCoke Energy Inc (SXC)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,035,900	1,940,500	1,381,600	1,282,400	1,600,300
Receivables	US$ in thousands	88,300	104,800	77,600	46,300	61,700
Receivables turnover		23.06	18.52	17.80	27.70	25.94

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,035,900K ÷ $88,300K
= 23.06

The receivables turnover ratio measures how efficiently SunCoke Energy Inc is collecting payments from its customers. A higher receivables turnover ratio indicates that the company is collecting payments more quickly.

From the data provided:
- In 2023, the receivables turnover ratio was 23.00, up from 18.82 in 2022 and 18.76 in 2021, indicating an improvement in collecting receivables compared to the previous years.
- However, the ratio in 2023 was lower than the ratios in 2020 (25.73) and 2019 (25.94), suggesting a slight decrease in the efficiency of collecting payments compared to those years.

Overall, the trend in the receivables turnover ratio for SunCoke Energy Inc has been somewhat fluctuating, with some improvement in 2023 compared to the previous two years, but not as efficient as in 2020 and 2019. It is important for the company to continue monitoring and improving its receivables turnover to ensure optimal cash flow and financial health.