Exelixis Inc (EXEL)
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 | 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 | 967,775 | 956,067 | 909,761 | 855,594 |
| Receivables | US$ in thousands | 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 | 119,073 | 169,788 | 97,541 | 107,670 |
| Receivables turnover | 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 | 8.13 | 5.63 | 9.33 | 7.95 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,830,208K ÷ $237,407K
= 7.71
Exelixis Inc's receivables turnover ratio has displayed fluctuating trends over the past few quarters. The ratio indicates how efficiently the company collects outstanding receivables from its customers. A higher ratio is generally favorable as it suggests a shorter average collection period.
In the most recent quarter, ending Dec 31, 2023, the receivables turnover ratio was 7.71, which suggests that Exelixis Inc collected outstanding receivables approximately 7.71 times during the year. This is a slight improvement compared to the previous quarter's ratio of 7.15.
Looking further back, the ratio has shown some variability over the quarters, with peaks observed in Mar 31, 2020, and Dec 31, 2019, at 8.25 and 9.33, respectively. On the other hand, the lowest ratio was recorded in Sep 30, 2021, at 5.08.
Overall, Exelixis Inc's receivables turnover ratio has generally remained within a moderate range, indicating a reasonable efficiency in collecting receivables. It is essential for the company to monitor and manage this ratio consistently to ensure timely collections and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023