Alkermes Plc (ALKS)
Receivables turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,156,446 |
| Receivables | US$ in thousands | 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 | 257,086 |
| Receivables turnover | 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 | 4.50 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,492,589K ÷ $367,211K
= 4.06
The receivables turnover for Alkermes Plc has shown some fluctuation over the past several quarters. The company's receivables turnover ratio indicates how efficiently it is collecting cash from its customers. A higher ratio generally signifies a better performance in collecting receivables.
The data shows that the receivables turnover ratio has ranged between 3.67 and 5.39 over the past few quarters. The ratio was at its peak in March 2024 at 5.39, indicating that the company collected its accounts receivable more than five times during that period. This suggests efficient management of credit sales and collections.
On average, the receivables turnover ratio seems to be around 4.30, with some quarters performing better than others. The trend shows that the company has been consistently able to collect its receivables efficiently, with only slight fluctuations.
Overall, the receivables turnover ratio analysis indicates that Alkermes Plc has been effectively managing its accounts receivable and converting them into cash, which is a positive sign for the company's liquidity and financial stability.
Peer comparison
Sep 30, 2024