Glaukos Corp (GKOS)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	373,901	353,962	331,942	313,252	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
Receivables	US$ in thousands	60,744	56,408	51,217	46,545	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
Receivables turnover		6.16	6.28	6.48	6.73	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $373,901K ÷ $60,744K
= 6.16

The receivables turnover ratio of Glaukos Corp has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024. The receivables turnover ratio measures how efficiently the company is collecting outstanding receivables from its customers during a specific period. A higher turnover ratio indicates that the company is collecting its accounts receivable more quickly, while a lower ratio suggests a slower collection process.

From the data provided, we observe that the receivables turnover ratio ranged from a high of 8.76 on December 31, 2021, to a low of 6.18 on December 31, 2020. It peaked in the 2021 financial year before experiencing a decline in subsequent periods. This fluctuation can be indicative of changes in the company's credit policies, customer payment behavior, or sales volumes.

Overall, the trend of the receivables turnover ratio for Glaukos Corp showcases fluctuations but generally tends to hover around the mid-range values, indicating a moderate efficiency in collecting receivables. It would be advisable for stakeholders to closely monitor the trend of this ratio over time to assess the company's effectiveness in managing its accounts receivable and liquidity position.