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