Glaukos Corp (GKOS)
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 | 303,223 | 293,554 | 286,692 | 278,963 | 272,731 | 274,744 | 281,666 | 290,488 | 292,910 | 292,904 | 283,025 | 236,490 | 222,935 | 215,550 | 208,628 | 235,970 | 236,597 | 224,824 | 210,423 | 192,784 |
Receivables | US$ in thousands | 39,850 | 39,326 | 39,252 | 37,852 | 36,073 | 34,766 | 36,032 | 34,804 | 33,438 | 35,236 | 37,569 | 36,694 | 36,059 | 32,885 | 26,730 | 28,885 | 38,417 | 24,345 | 22,041 | 20,622 |
Receivables turnover | 7.61 | 7.46 | 7.30 | 7.37 | 7.56 | 7.90 | 7.82 | 8.35 | 8.76 | 8.31 | 7.53 | 6.44 | 6.18 | 6.55 | 7.81 | 8.17 | 6.16 | 9.23 | 9.55 | 9.35 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $303,223K ÷ $39,850K
= 7.61
The receivables turnover ratio measures how efficiently a company is able to collect cash from its customers. Glaukos Corporation's receivables turnover has been relatively stable over the past eight quarters, ranging between 7.56 and 8.44. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly.
In this case, the receivables turnover ratio for Q4 2023 is 7.90, which is slightly lower than the previous quarter but still within the range of historical values. This suggests that Glaukos Corporation is able to efficiently convert its credit sales into cash, although there may have been a slight slowdown in collection compared to the previous quarter.
Overall, the trend in Glaukos Corporation's receivables turnover indicates that the company has been effectively managing its accounts receivable and collecting cash from customers in a timely manner. It is important for investors and stakeholders to monitor this ratio to ensure that the company's credit policies and collection efforts remain effective.
Peer comparison
Dec 31, 2023