Exelixis Inc (EXEL)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,168,701	2,081,598	2,013,976	1,846,646	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203
Receivables	US$ in thousands	265,437	269,706	396,584	240,577	237,407	248,113	232,818	233,923	214,784	215,015	235,400	190,614	282,650	179,493	171,753	177,673	160,875	166,138	121,080	137,338
Receivables turnover		8.17	7.72	5.08	7.68	7.71	7.15	7.36	7.11	7.50	7.62	6.61	7.98	5.08	6.99	6.73	5.80	6.14	5.77	8.25	7.13

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,168,701K ÷ $265,437K
= 8.17

The receivables turnover ratio for Exelixis Inc has fluctuated over the years, showing variations in the efficiency of the company in collecting its accounts receivable. In March 2020, the receivables turnover ratio was 7.13, indicating that the company converted its accounts receivable into cash 7.13 times during that period. The ratio increased to 8.25 by June 2020, suggesting an improvement in the collection of receivables. However, by December 2020, the ratio decreased to 6.14, indicating a potential lag in receivables collection.

Throughout the subsequent quarters, the receivables turnover ratio continued to fluctuate, with values ranging between 5.08 and 8.17. The fluctuation suggests that Exelixis Inc may have experienced variations in its credit policies, customer payment behavior, or sales volume during these periods. Overall, the company's ability to convert its accounts receivable into cash has demonstrated some inconsistency over the years, highlighting the importance of actively managing receivables to maintain healthy cash flows and liquidity.