Alkermes Plc (ALKS)

Receivables 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	1,550,854	1,492,589	1,489,378	1,701,960	1,639,873	1,569,557	1,443,430	1,105,567	1,099,455	1,120,608	1,163,507	1,190,967	1,162,061	1,120,829	1,092,326	1,036,423	1,032,497	1,160,605	1,149,262	1,180,207
Receivables	US$ in thousands	384,528	367,211	366,415	315,848	332,477	337,697	334,478	269,178	287,967	257,173	245,840	249,942	313,193	289,160	297,357	243,514	275,143	265,644	237,393	246,716
Receivables turnover		4.03	4.06	4.06	5.39	4.93	4.65	4.32	4.11	3.82	4.36	4.73	4.76	3.71	3.88	3.67	4.26	3.75	4.37	4.84	4.78

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,550,854K ÷ $384,528K
= 4.03

The receivables turnover ratio of Alkermes Plc has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures the efficiency of the company in collecting its accounts receivable during a specific period.

The trend in Alkermes Plc's receivables turnover shows variations from a low of 3.67 in June 30, 2021, to a high of 5.39 in March 31, 2024. A higher turnover ratio indicates that the company is collecting its accounts receivable more efficiently.

Overall, Alkermes Plc's receivables turnover has shown some volatility but has mostly remained within a reasonable range, with the company managing to collect its receivables effectively. However, it would be essential for the company to monitor this ratio consistently to ensure efficient management of its accounts receivable in the future.