Arcus Biosciences Inc (RCUS)
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 | 258,000 | 263,000 | 247,000 | 237,000 | 117,000 | 119,355 | 121,236 | 118,995 | 112,000 | 433,144 | 408,724 | 399,137 | 398,304 | 53,292 | 108,361 | 92,939 | 77,517 | 77,780 | 15,000 | 15,000 |
| Receivables | US$ in thousands | 5,000 | 5,000 | 5,000 | 5,000 | 4,000 | 4,000 | 35,000 | 36,000 | 43,000 | 29,944 | 38,916 | 32,008 | 746,762 | 2,818 | 2,724 | 5,953 | 1,592 | 372 | 239 | — |
| Receivables turnover | 51.60 | 52.60 | 49.40 | 47.40 | 29.25 | 29.84 | 3.46 | 3.31 | 2.60 | 14.47 | 10.50 | 12.47 | 0.53 | 18.91 | 39.78 | 15.61 | 48.69 | 209.09 | 62.76 | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $258,000K ÷ $5,000K
= 51.60
The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. A higher turnover ratio indicates that the company is collecting receivables more quickly.
Analyzing the receivables turnover data for Arcus Biosciences Inc over the past few quarters, we observe significant fluctuations in the ratio. The values range from a high of 209.09 in September 30, 2020, to a low of 0.53 in December 31, 2021. This inconsistency could suggest varying collection efficiencies or changes in the company's credit policies.
In the most recent period, the receivables turnover ratio for December 31, 2024, stands at 51.60, indicating that the company collected its receivables approximately 51.60 times during the year. This represents a relatively stable and healthy collection rate compared to some previous periods.
However, it is essential to note that a high turnover ratio may also imply very tight credit policies that could potentially deter customers. On the contrary, a low turnover ratio may signal potential issues with collecting payments promptly or extending credit to customers effectively.
Overall, monitoring the trend of receivables turnover ratios can provide insights into the company's effectiveness in managing its accounts receivable and collecting payments efficiently.
Peer comparison
Dec 31, 2024