SunCoke Energy Inc (SXC)

Working capital 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
Total current assets	US$ in thousands	416,800	421,300	382,800	409,800	374,000	389,300	371,200	383,300	271,900	250,600	253,700	244,300	229,700	274,800	277,100	452,100	308,300	320,700	384,900	387,100
Total current liabilities	US$ in thousands	223,800	250,900	222,500	231,800	224,000	219,900	215,600	230,200	182,200	182,500	162,500	168,200	158,900	155,600	119,700	169,000	194,800	185,300	209,600	218,000
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

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,035,900K ÷ ($416,800K – $223,800K)
= 10.55

SunCoke Energy Inc's working capital turnover has shown fluctuation over the past eight quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio generally signifies better efficiency in utilizing current assets to generate revenue.

In Q2 2023, SunCoke Energy Inc achieved the highest working capital turnover of 12.81, indicating a more efficient utilization of its working capital compared to other quarters. This suggests that the company was able to generate sales revenue at a faster rate relative to its investment in current assets during that period.

On the other hand, the lowest working capital turnover was observed in Q1 2022 at 10.03. This might indicate a lower efficiency in utilizing the company's working capital to generate sales revenue during that quarter.

Overall, despite some fluctuations, SunCoke Energy Inc's working capital turnover ratio has generally been relatively stable over the past eight quarters, suggesting a consistent level of efficiency in managing its working capital to generate sales revenue.