SunCoke Energy Inc (SXC)

Receivables 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
Revenue (ttm)	US$ in thousands	2,035,900	2,027,900	2,022,900	1,989,300	1,940,500	1,791,800	1,641,600	1,466,200	1,381,600	1,323,300	1,253,700	1,258,600	1,282,400	1,380,300	1,495,600	1,580,000	1,600,300	1,572,000	1,532,200	1,491,700
Receivables	US$ in thousands	88,300	81,500	96,900	81,200	104,800	118,700	108,100	99,500	77,600	60,100	49,500	45,800	46,300	46,800	49,500	55,400	61,700	62,700	98,900	86,300
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

December 31, 2023 calculation

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

The receivables turnover for SunCoke Energy Inc has shown fluctuations over the past eight quarters.

In Q4 2023, the receivables turnover ratio was 23.00 times, indicating that the company collected its accounts receivable approximately 23 times during that period. This represents a decrease from the previous quarter (Q3 2023) when the ratio was 25.23 times.

Looking further back, the Q4 2023 ratio of 23.00 times is an improvement compared to the same quarter in the previous year (Q4 2022) when the ratio was 18.82 times.

Overall, SunCoke Energy Inc's receivables turnover has generally been increasing over the past year, indicating that the company has been more efficient in collecting its accounts receivable. However, the recent dip in Q4 2023 warrants further monitoring to assess if it is a temporary fluctuation or a potential trend.