Corcept Therapeutics Incorporated (CORT)

Receivables turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	482,375	450,026	428,153	413,824	401,858	397,624	392,027	380,229	365,978	352,891	343,087	340,064	353,874	356,034	351,212	334,904	306,486	285,422	268,362	258,417
Receivables	US$ in thousands	42,823	35,926	33,153	33,657	32,857	30,314	29,864	28,178	29,025	27,908	29,020	23,900	27,498	23,557	23,925	28,084	19,928	22,405	19,774	19,218
Receivables turnover		11.26	12.53	12.91	12.30	12.23	13.12	13.13	13.49	12.61	12.64	11.82	14.23	12.87	15.11	14.68	11.93	15.38	12.74	13.57	13.45

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $482,375K ÷ $42,823K
= 11.26

Over the past eight quarters, Corcept Therapeutics Inc has maintained a relatively stable receivables turnover ratio, ranging from a low of 11.73 in Q4 2023 to a high of 13.99 in Q1 2022. The receivables turnover ratio measures how efficiently the company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivables more quickly.

In this case, the company's receivables turnover has generally been above 11, with an average around 13. This suggests that Corcept Therapeutics Inc has been effective in managing and collecting its accounts receivables. A consistent and high receivables turnover ratio is positive as it signifies a healthy cash flow cycle and efficient credit management practices.

However, a slight decrease in the receivables turnover ratio in recent quarters could indicate potential issues with collecting payments from customers promptly. It may be worth further investigation to understand the reasons behind this trend and to ensure that the company's accounts receivables are being managed effectively to maintain a healthy cash flow.