Alkermes Plc (ALKS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,556,830 | 1,639,870 | 1,099,460 | 1,162,060 | 1,032,500 |
| Receivables | US$ in thousands | 384,528 | 332,477 | 287,967 | 313,193 | 275,143 |
| Receivables turnover | 4.05 | 4.93 | 3.82 | 3.71 | 3.75 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,556,830K ÷ $384,528K
= 4.05
The receivables turnover ratio of Alkermes Plc has shown a fluctuating trend over the past five years. In 2020, the ratio stood at 3.75 and slightly decreased to 3.71 in 2021. However, there was an improvement in 2022, reaching 3.82. Subsequently, there was a significant increase in 2023, with the ratio surging to 4.93. Despite this peak, the ratio decreased in 2024 to 4.05.
Overall, the trend indicates that Alkermes Plc has been efficient in collecting its accounts receivables in recent years, with a notable peak in 2023. However, the slight decrease in 2024 suggests there may have been some changes in the company's receivables management or customer payment behavior. Further analysis of the underlying factors affecting this ratio would be necessary to gain a deeper understanding of the company's financial performance and liquidity management.
Peer comparison
Dec 31, 2024