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.