Glaukos Corp (GKOS)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	378,263	301,165	266,924	278,319	211,679
Receivables	US$ in thousands	60,744	39,850	36,073	33,438	36,059
Receivables turnover		6.23	7.56	7.40	8.32	5.87

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $378,263K ÷ $60,744K
= 6.23

The receivables turnover ratio for Glaukos Corp has shown a fluctuating trend over the past five years. In 2020, the ratio was 5.87, indicating that the company collected its accounts receivable approximately 5.87 times during the year.

The ratio increased significantly in 2021 to 8.32, suggesting an improvement in the efficiency of the company's accounts receivable collection process. However, in 2022, the ratio slightly decreased to 7.40, indicating a slight slowdown in the collection of receivables compared to the previous year.

In 2023, the receivables turnover ratio slightly increased to 7.56, showing a modest improvement in the collection of accounts receivable once again. Lastly, in 2024, the ratio decreased to 6.23, implying a slight decrease in the efficiency of the company's receivables collection process compared to the previous year.

Overall, the receivables turnover ratio for Glaukos Corp has shown some fluctuations over the years, with some improvement and some slight declines in the efficiency of collecting accounts receivable. Further analysis of the company's receivables management practices and changes in customer payment behavior may be needed to fully understand the reasons behind these fluctuations.