SunCoke Energy Inc (SXC)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,935,400	1,970,000	2,000,300	2,063,800	2,063,200	2,056,600	2,053,000	2,020,500	1,972,500	1,823,800	1,673,500	1,535,900	1,456,000	1,400,800	1,336,500	1,310,200	1,333,000	1,420,100	1,522,200	1,591,700
Total current assets	US$ in thousands	474,600	456,000	447,800	431,400	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
Total current liabilities	US$ in thousands	205,800	205,200	202,000	209,800	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
Working capital turnover		7.20	7.85	8.14	9.31	10.69	12.07	12.81	11.35	13.15	10.77	10.76	10.03	16.23	20.57	14.65	17.22	18.83	11.91	9.67	5.62

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,935,400K ÷ ($474,600K – $205,800K)
= 7.20

SunCoke Energy Inc's working capital turnover has shown fluctuations over the analyzed period. The ratio increased steadily from March 31, 2020, to December 31, 2021, indicating an improvement in the efficiency of the company's working capital management. This trend peaked at a high of 20.57 on September 30, 2021, suggesting that the company was generating $20.57 in revenue for every dollar of working capital invested in the business.

However, the working capital turnover ratio started to decline from March 31, 2022, hitting a low of 7.20 on December 31, 2024. This downward trend could imply a potential inefficiency in utilizing working capital resources during this period. A decreasing working capital turnover ratio may indicate that the company is not effectively utilizing its current assets to generate sales revenues.

Overall, it is essential for SunCoke Energy Inc to closely monitor its working capital turnover ratio to ensure efficient management of its working capital resources and optimize its operations. The company may need to review its inventory management, accounts receivable, and accounts payable practices to improve its working capital turnover and enhance its overall financial performance.