Exelixis Inc (EXEL)
Working capital 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 |
| Total current assets | US$ in thousands | 1,467,580 | 1,317,960 | 1,618,760 | 1,834,750 | 1,445,400 |
| Total current liabilities | US$ in thousands | 403,769 | 394,277 | 324,359 | 337,590 | 204,658 |
| Working capital turnover | 2.04 | 1.98 | 1.24 | 0.96 | 0.80 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,168,700K ÷ ($1,467,580K – $403,769K)
= 2.04
Based on the provided data, Exelixis Inc's working capital turnover has exhibited an increasing trend over the years, suggesting improved efficiency in managing its working capital. The ratio has risen steadily from 0.80 in December 31, 2020, to 2.04 in December 31, 2024.
A working capital turnover ratio above 1 indicates that the company is effectively utilizing its working capital to generate sales. The rising trend indicates that Exelixis Inc has been able to efficiently utilize its current assets and liabilities to support its operations and generate revenue over the period under review.
The significant improvement in the working capital turnover ratio over the years is a positive sign for investors and creditors, as it suggests an enhancement in the company's liquidity management and operational efficiency. This increase can potentially lead to improved profitability and financial stability for Exelixis Inc in the long run.
Peer comparison
Dec 31, 2024