Dynavax Technologies Corporation (DVAX)
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 | 235,106 | 361,342 | 458,602 | 655,854 | 722,936 | 738,615 | 680,155 | 468,445 | 435,169 | 253,029 | 160,810 | 117,382 | 44,851 | 38,749 | 28,039 | 29,074 | 23,999 | 18,747 | 13,521 | 11,072 |
| Receivables | US$ in thousands | -12,313 | -12,313 | -12,313 | -12,313 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $235,106K ÷ $-12,313K
= —
The receivables turnover ratio measures how efficiently a company is able to collect on its credit sales within a given period. A higher ratio indicates a more efficient collection process, while a lower ratio may suggest potential issues with collecting receivables.
Based on the data provided for Dynavax Technologies Corp., we observe fluctuations in the receivables turnover ratio over the past eight quarters. In Q2 2023, the ratio was at its highest point at 10.13, indicating a significant improvement in collecting receivables compared to previous quarters. This spike in efficiency could be attributed to effective credit control measures or a focus on timely collection efforts.
However, in Q3 2023, the ratio decreased to 7.71, suggesting a slight decline in receivables turnover efficiency compared to the previous quarter. It is important to investigate the reasons behind this decrease to ensure that it is not indicative of potential issues such as delayed payments from customers or changes in credit policies.
Overall, Dynavax Technologies Corp. has shown varying levels of efficiency in collecting receivables over the past quarters, with some quarters outperforming others. It is crucial for the company to maintain a consistent focus on improving its receivables turnover to ensure healthy cash flow and working capital management. Further analysis and monitoring of this ratio along with other relevant financial metrics will provide a more comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023