Incyte Corporation (INCY)

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	3,693,101	3,609,260	3,513,520	3,470,962	3,395,993	3,330,147	3,320,472	3,114,784	2,986,267	2,912,923	2,720,579	2,702,913	2,666,702	2,456,582	2,387,520	2,229,409	2,158,759	2,107,772	2,005,874	1,997,458
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,693,101K ÷ $—K
= —

The receivables turnover ratio for Incyte Corp. has shown some fluctuations over the past eight quarters. The ratio measures the efficiency with which the company collects payments from its customers.

In Q4 2023, the receivables turnover ratio was 4.97, slightly lower than the previous quarter. Despite this slight decrease, the company continues to efficiently collect payments from customers. The trend in the receivables turnover ratio over the past year has been relatively stable, with fluctuations within a narrow range.

In Q2 and Q3 2023, the company saw higher receivables turnover ratios of 5.51 and 5.49, respectively, indicating a more efficient collection process during that period. The ratio peaked in Q1 2023 at 5.56, showing strong performance in collecting receivables.

Comparing to the same quarter in the previous year, Q4 2022 had a slightly lower ratio at 5.26, while Q3 and Q1 2022 had ratios of 5.39 and 5.54, respectively. Q2 2022 showed a lower ratio at 4.86, which may indicate a temporary slowdown in receivables collection efficiency during that quarter.

Overall, Incyte Corp. has maintained a relatively consistent level of receivable turnover efficiency, with minor fluctuations observed throughout the analyzed quarters.