Hims Hers Health Inc (HIMS)
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 | 1,476,514 | 1,241,994 | 1,067,137 | 959,401 | 872,000 | 792,584 | 710,721 | 616,372 | 526,916 | 444,412 | 373,749 | 320,878 | 271,878 | 228,645 | 195,796 | 171,008 | 148,757 | 132,060 | 90,736 | 54,832 |
| 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 (ttm) ÷ Receivables
= $1,476,514K ÷ $6,100K
= 242.05
The receivables turnover ratio for Hims Hers Health Inc provides insight into how efficiently the company is collecting its accounts receivable. Looking at the historical data provided, we observe fluctuations in the ratio over the years:
- In December 2020, the receivables turnover ratio was 135.23, indicating that the company collected its receivables approximately 135 times during that period.
- This ratio dropped to 66.31 in December 2021, suggesting a decrease in the efficiency of collecting receivables compared to the previous year.
- Subsequently, in December 2022, the ratio increased to 135.11, indicating an improvement in receivables turnover efficiency.
- In December 2023, the ratio slightly decreased to 130.15, still reflecting a relatively high turnover rate.
- The most recent data point in December 2024 shows a significant increase in the receivables turnover ratio to 242.05, implying a substantial improvement in collecting receivables efficiently.
Overall, the receivables turnover ratio of Hims Hers Health Inc has varied over the years, with fluctuations indicating changes in the company's ability to collect outstanding payments from customers. It is essential for the company to monitor this ratio regularly to ensure effective management of accounts receivable and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2024