Fulgent Genetics Inc (FLGT)
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 | 289,213 | 286,412 | 307,380 | 364,868 | 618,968 | 802,935 | 925,148 | 953,423 | 992,584 | 1,035,891 | 909,739 | 773,388 | 421,712 | 135,121 | 43,752 | 34,911 | 32,528 | 29,814 | 25,092 | 22,068 |
| Receivables | US$ in thousands | 52,451 | 50,392 | 35,719 | 44,365 | 72,585 | 104,858 | 134,637 | 161,766 | 140,315 | 122,629 | 150,015 | 216,510 | 201,667 | 99,094 | 13,907 | 6,403 | 6,571 | 5,319 | 5,576 | 4,580 |
| Receivables turnover | 5.51 | 5.68 | 8.61 | 8.22 | 8.53 | 7.66 | 6.87 | 5.89 | 7.07 | 8.45 | 6.06 | 3.57 | 2.09 | 1.36 | 3.15 | 5.45 | 4.95 | 5.61 | 4.50 | 4.82 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $289,213K ÷ $52,451K
= 5.51
Fulgent Genetics Inc's receivables turnover has shown fluctuations over the past eight quarters. The highest receivables turnover ratio was observed in Q4 2022 at 8.24, indicating that the company collected its receivables approximately 8.24 times during that quarter. This was followed by a notable decrease in Q1 2023 to 7.57 and further declines in subsequent quarters until Q3 2023 (5.24).
The receivables turnover ratio rebounded significantly in Q4 2023 to 5.66, suggesting that the company improved its efficiency in collecting outstanding receivables compared to the previous quarter. Despite the fluctuations, the overall trend seems to show a degree of variability in Fulgent Genetics Inc's ability to collect its receivables promptly.
It is important to further investigate the reasons behind these fluctuations to determine if they are driven by changes in credit policies, customer payment behavior, or other external factors that may impact the company's cash flow and working capital management.
Peer comparison
Dec 31, 2023