Hims Hers Health Inc (HIMS)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,476,510 | 872,000 | 526,916 | 271,878 | 148,757 |
| Receivables | US$ in thousands | 6,100 | 6,700 | 3,900 | 4,100 | 1,100 |
| Receivables turnover | 242.05 | 130.15 | 135.11 | 66.31 | 135.23 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,476,510K ÷ $6,100K
= 242.05
The analysis of Hims Hers Health Inc's receivables turnover over the past five years indicates fluctuations in the efficiency of collecting outstanding receivables.
- In December 31, 2020, the receivables turnover was 135.23, reflecting a strong ability to collect receivables efficiently.
- However, the turnover ratio decreased notably to 66.31 by December 31, 2021, suggesting a slowdown in the collection of outstanding receivables.
- The ratio improved in the following years, reaching 135.11 by December 31, 2022, and 130.15 by December 31, 2023, indicating enhanced efficiency in receivables collection.
- The most significant improvement was seen by December 31, 2024, where the receivables turnover surged to 242.05, signaling a substantial enhancement in the company's ability to collect receivables promptly.
Overall, variations in the receivables turnover ratio of Hims Hers Health Inc over the period reflect fluctuations in the efficiency of managing customer credit and collecting outstanding receivables, with a noticeable improvement in the latest year analyzed. Further analysis of underlying factors driving these changes would provide valuable insights into the company's financial performance and business operations.
Peer comparison
Dec 31, 2024