Innoviva Inc (INVA)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	291,306	294,888	372,796	318,463	242,036
Receivables	US$ in thousands	69,621	54,672	110,711	93,931	79,427
Receivables turnover		4.18	5.39	3.37	3.39	3.05

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $291,306K ÷ $69,621K
= 4.18

The receivables turnover for Innoviva Inc has decreased from 35.25 in 2022 to 21.48 in 2023. This indicates that the company's ability to collect payments from customers has decreased in 2023 compared to the previous year. A lower receivables turnover may suggest inefficiencies in the company's credit policies, collection efforts, or possibly issues with customer creditworthiness. Further analysis of the company's accounts receivable management practices and changes in the customer base may be necessary to understand the reasons behind this decline and to identify potential areas for improvement.