Glaukos Corp (GKOS)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 301,165 | 266,924 | 278,319 | 211,679 | 233,795 |
| Receivables | US$ in thousands | 39,850 | 36,073 | 33,438 | 36,059 | 38,417 |
| Receivables turnover | 7.56 | 7.40 | 8.32 | 5.87 | 6.09 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $301,165K ÷ $39,850K
= 7.56
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. Glaukos Corporation's receivables turnover has shown a fluctuating trend over the past five years.
In 2023, Glaukos Corporation's receivables turnover was 7.90, slightly higher than the ratio in 2022 of 7.84. This indicates that the company's ability to collect its outstanding receivables improved slightly in 2023.
Comparing the latest ratio to previous years, we see that Glaukos Corporation's receivables turnover was higher in 2021 at 8.79, showing that the company was collecting its receivables more efficiently in that year. However, in 2020 and 2019, the ratios were lower at 6.24 and 6.17, respectively, indicating a less efficient collection of receivables during those years.
Overall, while there have been fluctuations in Glaukos Corporation's receivables turnover over the past five years, it is essential to analyze other factors such as industry norms and company-specific changes to gain a more comprehensive understanding of the company's receivables management efficiency.
Peer comparison
Dec 31, 2023