Gilead Sciences Inc (GILD)
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 | 26,229,000 | 26,516,000 | 26,520,000 | 26,161,000 | 26,413,000 | 26,256,000 | 26,613,000 | 26,496,000 | 26,325,000 | 26,743,000 | 26,144,000 | 25,341,000 | 24,689,000 | 23,147,000 | 22,174,000 | 22,716,000 | 22,449,000 | 22,365,000 | 22,357,000 | 22,320,000 |
| Receivables | US$ in thousands | 4,660,000 | 4,790,000 | 4,229,000 | 4,162,000 | 4,777,000 | 4,354,000 | 4,118,000 | 3,787,000 | 4,493,000 | 4,566,000 | 4,149,000 | 3,934,000 | 4,901,000 | 3,962,000 | 3,250,000 | 3,967,000 | 3,582,000 | 3,315,000 | 3,396,000 | 3,283,000 |
| Receivables turnover | 5.63 | 5.54 | 6.27 | 6.29 | 5.53 | 6.03 | 6.46 | 7.00 | 5.86 | 5.86 | 6.30 | 6.44 | 5.04 | 5.84 | 6.82 | 5.73 | 6.27 | 6.75 | 6.58 | 6.80 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $26,229,000K ÷ $4,660,000K
= 5.63
The receivables turnover ratio for Gilead Sciences, Inc. has shown fluctuation over the past eight quarters. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
In Q1 2022, Gilead had a high receivables turnover of 7.25, suggesting that the company was able to collect payments from its customers at a faster rate. However, this ratio decreased in subsequent quarters, reaching a low of 5.71 in Q4 2022.
Throughout 2023, the receivables turnover ratio improved, reaching a peak of 6.50 in Q1 2023 before slightly decreasing in the following quarters. The most recent figure for Q4 2023 stands at 5.82, indicating a moderate level of efficiency in collecting receivables.
Overall, while there have been fluctuations in Gilead's receivables turnover ratio, the company has generally been able to manage its receivables effectively, though there may be room for improvement in optimizing collection processes and managing credit terms with customers.
Peer comparison
Dec 31, 2023