Amphastar P (AMPH)

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 731,967 723,549 712,891 676,209 644,395 601,313 540,886 518,641 498,987 484,851 476,920 455,116 437,768 412,802 384,035 368,178 349,846 337,308 334,014 327,255
Receivables US$ in thousands 136,289 139,635 131,412 138,114 114,943 118,990 104,715 100,638 88,804 77,099 80,810 73,166 78,804 78,090 67,893 77,938 66,005 52,382 49,862 57,784
Receivables turnover 5.37 5.18 5.42 4.90 5.61 5.05 5.17 5.15 5.62 6.29 5.90 6.22 5.56 5.29 5.66 4.72 5.30 6.44 6.70 5.66

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $731,967K ÷ $136,289K
= 5.37

The receivables turnover ratio for Amphastar P has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is able to collect outstanding receivables from its customers during a specific period. A higher turnover ratio generally indicates that the company is more efficient in collecting receivables.

Amphastar P's receivables turnover ratio ranged from a low of 4.72 on March 31, 2021, to a high of 6.70 on June 30, 2020. The ratio improved to 6.22 on March 31, 2022, before declining to 4.90 on March 31, 2024. Overall, the company's turnover ratio has shown some volatility but has maintained levels above 5 for most periods.

A consistent and stable receivables turnover ratio indicates that the company is actively managing its accounts receivable effectively. However, a declining ratio could suggest issues with credit policies, collection procedures, or the financial health of customers. It is important for Amphastar P to monitor and analyze its receivables turnover ratio regularly to ensure efficient management of its accounts receivable and maintain healthy cash flows.