Exelixis Inc (EXEL)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	2,168,700	1,830,210	1,611,060	1,434,970	987,538
Receivables	US$ in thousands	265,437	237,407	214,784	282,650	160,875
Receivables turnover		8.17	7.71	7.50	5.08	6.14

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,168,700K ÷ $265,437K
= 8.17

The receivables turnover of Exelixis Inc has shown a fluctuating trend over the past five years. In December 2020, the receivables turnover ratio was 6.14, indicating that the company collected its accounts receivable approximately 6.14 times during that year.

However, in December 2021, the receivables turnover ratio decreased to 5.08, suggesting that it took slightly longer for the company to collect its receivables compared to the previous year.

Subsequently, in December 2022, the receivables turnover ratio improved to 7.50, indicating that the company was more efficient in collecting its accounts receivable during that period. This improvement continued in December 2023, with a receivables turnover ratio of 7.71, further demonstrating the company's effectiveness in managing its accounts receivable.

Furthermore, in December 2024, the receivables turnover ratio reached 8.17, signifying that the company was able to collect its accounts receivable even more frequently compared to previous years. This could be an indication of efficient credit policies and effective management of accounts receivable by Exelixis Inc.

Overall, the trend in the receivables turnover ratio suggests that Exelixis Inc has been successful in managing its accounts receivable effectively and improving its collection process over the years.