Dynavax Technologies Corporation (DVAX)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	235,104	722,936	435,169	42,046	20,843
Receivables	US$ in thousands	-12,313	—	—	—	—
Receivables turnover		—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $235,104K ÷ $-12,313K
= —

The receivables turnover of Dynavax Technologies Corp. has shown a fluctuating trend over the past five years. The ratio has increased from 3.96 in 2019 to 5.22 in 2023, indicating that the company is collecting its accounts receivable more efficiently in the most recent year.

A higher receivables turnover ratio suggests that the company is collecting its outstanding payments from customers at a faster rate. This could be due to improved credit policies, more efficient collection processes, or better customer payment behavior.

The trend over the five-year period also reveals that there have been ups and downs in the efficiency of Dynavax Technologies Corp.'s accounts receivable management. The significant increase in the ratio from 2020 to 2021 followed by a slight decline in 2022 before another increase in 2023 may indicate fluctuations in sales, changes in customer payment terms, or adjustments in the company's collection strategies.

Overall, the increase in receivables turnover from 2019 to 2023 suggests positive developments in Dynavax Technologies Corp.'s ability to collect its accounts receivable efficiently, which is a favorable sign for the company's liquidity and financial health. Further analysis and comparison with industry benchmarks could provide additional insights into the company's receivables management performance.