Alkermes Plc (ALKS)

Receivables turnover

		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	Sep 30, 2019
Revenue (ttm)	US$ in thousands	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	1,057,796
Receivables	US$ in thousands	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	250,234
Receivables turnover		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	4.23

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,489,378K ÷ $366,415K
= 4.06

The receivables turnover ratio for Alkermes Plc has fluctuated over the past few years. In the latest period, ending June 30, 2024, the receivables turnover ratio was 4.06, indicating that the company collected its accounts receivable approximately 4.06 times during the year.

Looking at the trend, we observe that the ratio has shown some variability in the short term, but it appears to be relatively stable over the long term. The ratio has ranged from a low of 3.67 in March 2021 to a high of 5.39 in March 2024.

A high receivables turnover ratio suggests that the company is efficient in collecting payments from its customers, while a low ratio may indicate issues with collecting receivables or potential credit risks.

Overall, Alkermes Plc's receivables turnover ratio appears to be within a reasonable range, demonstrating that the company effectively manages its accounts receivable and collects payments from its customers in a timely manner.