Exelixis Inc (EXEL)

Working capital 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
Total current assets	US$ in thousands	1,317,960	1,443,370	1,590,530	1,637,620	1,618,760	1,841,620	1,851,640	1,842,740	1,834,750	1,662,030	1,593,250	1,434,260	1,445,400	1,407,810	1,394,660	1,136,900	1,011,190	972,112	957,247	946,298
Total current liabilities	US$ in thousands	394,277	376,816	339,617	327,597	324,359	301,733	304,521	289,079	337,590	269,508	255,326	213,337	204,658	201,343	142,681	140,477	142,746	141,069	110,796	125,132
Working capital turnover		1.98	1.66	1.37	1.27	1.24	1.06	1.01	0.98	0.96	0.90	0.86	0.84	0.80	0.79	0.80	0.98	1.11	1.15	1.07	1.04

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,830,208K ÷ ($1,317,960K – $394,277K)
= 1.98

Exelixis Inc's working capital turnover has shown fluctuations over the multiple periods analyzed. The working capital turnover ratio measures how efficiently the company is utilizing its working capital to generate sales. A higher ratio indicates that the company is effectively managing its working capital to generate revenue.

From the data provided, Exelixis Inc's working capital turnover has generally shown an increasing trend from 2019 to 2021, with a peak at 1.98 at the end of December 2023.

The fluctuation in the working capital turnover ratio may indicate changes in the company's operational efficiency and management of working capital during different periods. A lower ratio could suggest that the company is not effectively utilizing its working capital to generate revenue, while a higher ratio indicates better efficiency in this regard.

Overall, a consistent analysis of the working capital turnover ratio over time can provide insights into Exelixis Inc's working capital management practices and their impact on the company's performance and financial health.