Exelixis Inc (EXEL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,830,210 | 1,611,060 | 1,434,970 | 987,538 | 967,775 |
| Receivables | US$ in thousands | 237,407 | 214,784 | 282,650 | 160,875 | 119,073 |
| Receivables turnover | 7.71 | 7.50 | 5.08 | 6.14 | 8.13 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,830,210K ÷ $237,407K
= 7.71
The receivables turnover of Exelixis Inc has fluctuated over the past five years. In 2023, the company's receivables turnover ratio was 7.71, indicating that Exelixis collected its outstanding receivables approximately 7.71 times during the year. This represents an improvement from the previous year (7.50).
The trend in receivables turnover ratios shows variability over the years, with a peak value of 8.13 in 2019 and a low of 5.08 in 2021. A higher receivables turnover ratio is generally seen as positive, as it suggests that the company is efficient in collecting outstanding receivables.
Exelixis Inc's ability to efficiently convert its accounts receivable into cash can be a positive indicator of its liquidity and overall financial health. The company's management should continue to monitor and evaluate its receivables turnover ratio to ensure effective credit management and timely collection of receivables.
Peer comparison
Dec 31, 2023