Biomarin Pharmaceutical Inc (BMRN)

Receivables turnover

		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	Jun 30, 2019
Revenue (ttm)	US$ in thousands	2,443,023	2,373,030	2,261,604	2,184,719	2,123,138	2,059,481	1,999,471	1,903,678	1,871,615	1,827,451	1,829,463	1,891,778	1,815,339	1,822,817	1,822,364	1,813,337	1,772,797	1,694,305	1,597,556	1,518,971
Receivables	US$ in thousands	637,163	633,704	572,498	610,222	597,913	461,316	419,622	466,507	430,147	373,399	374,937	424,419	396,097	448,351	411,712	381,215	396,384	377,404	402,970	377,150
Receivables turnover		3.83	3.74	3.95	3.58	3.55	4.46	4.76	4.08	4.35	4.89	4.88	4.46	4.58	4.07	4.43	4.76	4.47	4.49	3.96	4.03

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,443,023K ÷ $637,163K
= 3.83

The receivables turnover ratio measures how efficiently a company is able to collect payments from its customers. For Biomarin Pharmaceutical Inc, the receivables turnover ratio has shown some fluctuations over the past few quarters.

The ratio ranged from 3.55 to 4.89 in the last eight quarters, indicating a moderate level of efficiency in collecting payments from customers. A higher ratio is generally favorable as it suggests that the company is collecting payments quickly, while a lower ratio may indicate potential issues with collecting receivables in a timely manner.

In the latest quarter, the receivables turnover was 3.83, slightly lower compared to the previous quarter but within the range seen in recent quarters. This could suggest that Biomarin Pharmaceutical Inc may have experienced some challenges in collecting payments efficiently during that period.

It is important for the company to monitor and manage its receivables turnover ratio to ensure timely collection of payments and maintain healthy cash flow. Analyzing trends in the receivables turnover ratio can provide insights into the company's effectiveness in managing its accounts receivable and overall financial health.