Incyte Corporation (INCY)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,693,100 | 3,394,640 | 2,986,270 | 2,666,700 | 2,158,760 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,693,100K ÷ $—K
= —
The receivables turnover ratio of Incyte Corp. has shown a fluctuating trend over the past five years. In 2019, the ratio was at its highest at 6.99, indicating that the company collected its accounts receivable nearly seven times during that year. Subsequently, the ratio decreased to 5.53 in 2020, reflecting a slight decrease in the efficiency of collecting receivables.
In 2021, the receivables turnover ratio further decreased to 4.85, indicating a slower collection of accounts receivable compared to the previous year. However, there was a slight improvement in 2022, with the ratio increasing to 5.26, although it remained below the levels seen in 2019 and 2020.
By the end of 2023, the receivables turnover ratio stood at 4.97, showing a moderate improvement compared to the prior year but still below the levels observed in 2019 and 2020. Overall, the fluctuating trend in the receivables turnover ratio suggests varying efficiency in collecting accounts receivable over the past five years, with the company experiencing some challenges in this aspect of its operations.
Peer comparison
Dec 31, 2023